Hi-Crush (NYSE:HCR) Stock Price Down 12.3%

Hi-Crush Inc. (NYSE:HCR)’s share price was down 12.3% during trading on Thursday . The company traded as low as $1.76 and last traded at $1.85, approximately 1,341,886 shares changed hands during mid-day trading. An increase of 25% from the average daily volume of 1,076,859 shares. The stock had previously closed at $2.11.

A number of analysts recently commented on HCR shares. Zacks Investment Research lowered Hi-Crush from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 6th. ValuEngine raised Hi-Crush from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, AltaCorp Capital lowered Hi-Crush from a “sector perform” rating to an “underperform” rating in a research report on Tuesday.

The stock has a market capitalization of $201.20 million, a price-to-earnings ratio of 1.24 and a beta of 1.93. The business’s 50-day moving average price 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 earnings results on Tuesday, May 7th. The company reported ($0.06) EPS for the quarter. Hi-Crush had a net margin of 9.99% and a return on equity of 10.24%. The firm had revenue of $159.91 million during the quarter, compared to the consensus estimate of $178.20 million. As a group, analysts anticipate that Hi-Crush Inc. will post -0.12 earnings per share for the current fiscal year.

In related news, COO Michael A. Oehlert acquired 56,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was purchased at an average cost of $1.77 per share, with a total value of $99,120.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert E. Rasmus acquired 100,000 shares of the firm’s stock in a transaction on 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 disclosure for this purchase can be found here. Insiders purchased a total of 181,000 shares of company stock valued at $302,620 over the last ninety days. 34.80% of the stock is currently owned by corporate insiders.

Hi-Crush Company Profile (NYSE:HCR)

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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