Hi-Crush Inc. (HCR) Given Average Rating of “Hold” by Brokerages

Hi-Crush Inc. (NYSE:HCR) has received a consensus broker rating score of 3.25 (Hold) from the twelve brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong sell rating, one has given a sell rating, eight have given a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 1 year consensus price objective of $3.97 for the company and are predicting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given Hi-Crush an industry rank of 164 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Hi-Crush from a “hold” rating to a “strong sell” rating in a report on Thursday.

NYSE:HCR traded up $0.04 during trading hours on Friday, reaching $1.82. The company had a trading volume of 62,265 shares, compared to its average volume of 1,186,603. The firm has a market capitalization of $197.16 million, a P/E ratio of 1.23 and a beta of 2.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.53 and a quick ratio of 1.21.

Hi-Crush (NYSE:HCR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. Hi-Crush had a net margin of 9.99% and a return on equity of 10.24%. The company had revenue of $159.91 million during the quarter, compared to analyst estimates of $178.20 million. On average, equities research analysts anticipate that Hi-Crush will post -0.09 EPS for the current year.

In related news, CEO Robert E. Rasmus purchased 100,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was bought at an average cost of $1.63 per share, with a total value of $163,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 34.80% of the company’s stock.

About Hi-Crush

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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