Hi-Crush (NYSE:HCR) Cut to “Underperform” at AltaCorp Capital

AltaCorp Capital cut shares of Hi-Crush (NYSE:HCR) from a sector perform rating to an underperform rating in a report released on Tuesday morning, Zacks.com reports.

A number of other research analysts have also recently commented on HCR. Zacks Investment Research cut Hi-Crush from a hold rating to a strong sell rating in a research note on Thursday, June 6th. ValuEngine upgraded Hi-Crush from a strong sell rating to a sell rating in a research note on Thursday.

Shares of HCR stock traded up $0.07 during trading hours on Tuesday, reaching $1.92. The company’s stock had a trading volume of 634,050 shares, compared to its average volume of 1,073,870. The company has a market capitalization of $201.20 million, a PE ratio of 1.29 and a beta of 1.93. Hi-Crush has a one year low of $1.55 and a one year high of $14.50. The business’s fifty day moving average is $2.36. 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 issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $159.91 million during 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%. Analysts expect that Hi-Crush will post -0.12 earnings per share for the current year.

In other Hi-Crush news, CFO Laura C. Fulton purchased 25,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was purchased at an average price of $1.62 per share, for a total transaction of $40,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael A. Oehlert purchased 56,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of $1.77 per share, with a total value of $99,120.00. The disclosure for this purchase can be found here. Insiders bought 181,000 shares of company stock valued at $302,620 in the last 90 days. Company 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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