Hi-Crush Inc. (NYSE:HCR) Receives Average Recommendation of “Hold” from Analysts

Hi-Crush Inc. (NYSE:HCR) has been given an average broker rating score of 3.27 (Hold) from the eleven analysts 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, seven have assigned a hold rating and one has given a strong buy rating to the company. Hi-Crush’s rating score has declined by 0.6% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus price target of $3.46 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Hi-Crush an industry rank of 113 out of 256 based on the ratings given to related companies.

Several research firms have issued reports on HCR. Zacks Investment Research lowered Hi-Crush from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 6th. AltaCorp Capital lowered Hi-Crush from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, July 30th. ValuEngine upgraded Hi-Crush from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Piper Jaffray Companies set a $2.00 price objective on Hi-Crush and gave the company a “hold” rating in a research note on Monday.

Shares of HCR traded down $0.06 during mid-day trading on Thursday, reaching $1.79. The stock had a trading volume of 614,443 shares, compared to its average volume of 1,056,691. 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 has a 52-week low of $1.55 and a 52-week high of $13.00. The company has a fifty day moving average of $2.12. The stock has a market capitalization of $179.23 million, a price-to-earnings ratio of 1.20 and a beta of 1.93.

In other news, CFO Laura C. Fulton acquired 25,000 shares of the stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $1.62 per share, with a total value of $40,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert E. Rasmus acquired 100,000 shares of the stock in a transaction dated Friday, June 7th. The shares were purchased 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. Over the last 90 days, insiders bought 181,000 shares of company stock valued at $302,620. 34.80% of the stock is currently owned by company insiders.

Hi-Crush Company Profile

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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