AltaCorp Capital downgraded shares of Hi-Crush (NYSE:HCR) from a sector perform rating to an underperform rating in a report published on Thursday, The Fly reports.
Several other equities research analysts also recently issued reports on the company. TheStreet downgraded Hi-Crush from a c- rating to a d rating in a research report on Tuesday, September 3rd. Piper Jaffray Companies set a $2.00 price target on Hi-Crush and gave the company a hold rating in a research report on Monday, August 12th. Finally, ValuEngine raised Hi-Crush from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has an average rating of Hold and an average target price of $2.00.
Shares of NYSE:HCR traded down $0.01 during midday trading on Thursday, hitting $1.14. The company’s stock had a trading volume of 1,301,872 shares, compared to its average volume of 1,009,506. The firm has a market capitalization of $125.87 million, a PE ratio of 0.77 and a beta of 1.89. The stock’s 50 day moving average is $1.50. Hi-Crush has a fifty-two week low of $1.06 and a fifty-two week high of $8.10. The company has a quick ratio of 1.03, a current ratio of 1.29 and a debt-to-equity ratio of 0.76.
Hi-Crush (NYSE:HCR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The company had revenue of $172.97 million for the quarter, compared to the consensus estimate of $167.86 million. Hi-Crush had a negative return on equity of 2.82% and a negative net margin of 59.74%. The firm’s revenue was down 19.2% compared to the same quarter last year. During the same period last year, the business posted ($0.12) earnings per share. Analysts forecast that Hi-Crush will post -0.25 EPS for the current fiscal year.
Hi-Crush Inc, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.
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