Hi-Crush (NYSE:HCR) Rating Increased to Sell at ValuEngine

Hi-Crush (NYSE:HCR) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Thursday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a report on Thursday, June 6th.

HCR stock traded up $0.07 during trading on Thursday, hitting $1.92. The company had a trading volume of 634,150 shares, compared to its average volume of 788,060. The company has a market capitalization of $213.33 million, a price-to-earnings ratio of 1.29 and a beta of 1.93. The firm has a 50 day moving average price of $2.35. Hi-Crush has a fifty-two week low of $1.55 and a fifty-two week high of $14.50. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 0.66.

Hi-Crush (NYSE:HCR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.06) earnings per share for the quarter. Hi-Crush had a net margin of 9.99% and a return on equity of 10.24%. The business had revenue of $159.91 million during the quarter, compared to analyst estimates of $178.20 million. As a group, equities analysts predict that Hi-Crush will post -0.12 EPS for the current fiscal year.

In other Hi-Crush news, CFO Laura C. Fulton purchased 25,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was bought at an average cost of $1.62 per share, with a total value of $40,500.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Michael A. Oehlert purchased 56,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of $1.77 per share, with a total value of $99,120.00. The disclosure for this purchase can be found here. Insiders acquired a total of 181,000 shares of company stock valued at $302,620 over the last three months. 34.80% of the stock is owned by corporate insiders.

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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