Hi-Crush (NYSE:HCR) Downgraded by AltaCorp Capital

AltaCorp Capital cut shares of Hi-Crush (NYSE:HCR) from a sector perform rating to an underperform rating in a research note released on Thursday, The Fly reports.

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A number of other research firms also recently issued reports on HCR. Piper Jaffray Companies set a $2.00 price target on Hi-Crush and gave the stock a hold rating in a research note on Monday, August 12th. ValuEngine raised Hi-Crush from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Finally, TheStreet cut Hi-Crush from a c- rating to a d rating in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company currently has an average rating of Hold and an average price target of $2.00.

NYSE:HCR traded down $0.01 during mid-day trading on Thursday, reaching $1.14. 1,301,872 shares of the stock were exchanged, compared to its average volume of 1,009,506. The company has a 50 day moving average of $1.50. The firm has a market capitalization of $125.87 million, a PE ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.29 and a quick ratio of 1.03. Hi-Crush has a 1 year low of $1.06 and a 1 year high of $8.10.

Hi-Crush (NYSE:HCR) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $172.97 million for the quarter, compared to the consensus estimate of $167.86 million. Hi-Crush had a negative return on equity of 2.82% and a negative net margin of 59.74%. The firm’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. Sell-side analysts expect that Hi-Crush will post -0.25 EPS for the current fiscal year.

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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