Robert E. Rasmus Buys 100,000 Shares of Hi-Crush Inc. (NYSE:HCR) Stock

Hi-Crush Inc. (NYSE:HCR) CEO Robert E. Rasmus bought 100,000 shares of the stock in a transaction dated Friday, June 7th. The shares were bought at an average cost of $1.63 per share, with a total value of $163,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE:HCR traded up $0.10 during midday trading on Monday, hitting $2.56. The company’s stock had a trading volume of 879,991 shares, compared to its average volume of 1,123,719. The company has a market cap of $248.72 million, a P/E ratio of 1.72 and a beta of 1.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.21 and a current ratio of 1.53. Hi-Crush Inc. has a fifty-two week low of $1.55 and a fifty-two week high of $16.65.

Hi-Crush (NYSE:HCR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.06) EPS for the quarter. The business had revenue of $159.91 million for the quarter, compared to the consensus estimate of $178.20 million. Hi-Crush had a return on equity of 10.24% and a net margin of 9.99%. As a group, equities analysts predict that Hi-Crush Inc. will post -0.09 EPS for the current year.

A number of equities research analysts have weighed in on the company. ValuEngine upgraded Hi-Crush from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 11th. Zacks Investment Research downgraded shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 6th.

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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