Hi-Crush (NYSE:HCR) has been given a $2.00 price target by investment analysts at Piper Jaffray Companies in a report issued on Monday, TipRanks reports. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ target price would suggest a potential upside of 8.11% from the stock’s current price. Piper Jaffray Companies also issued estimates for Hi-Crush’s Q3 2019 earnings at ($0.05) EPS, Q4 2019 earnings at ($0.07) EPS, FY2019 earnings at ($0.13) EPS, Q1 2020 earnings at ($0.05) EPS, Q2 2020 earnings at ($0.04) EPS, Q3 2020 earnings at ($0.03) EPS, Q4 2020 earnings at ($0.03) EPS and FY2020 earnings at ($0.15) EPS.
A number of other research analysts have also issued reports on the stock. ValuEngine upgraded shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. AltaCorp Capital downgraded shares of Hi-Crush from a “sector perform” rating to an “underperform” rating in a report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a report on Thursday, June 6th.
NYSE HCR traded down $0.02 during trading on Monday, reaching $1.85. The company’s stock had a trading volume of 717,078 shares, compared to its average volume of 1,059,527. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $192.11 million, a price-to-earnings ratio of 1.24 and a beta of 1.93. Hi-Crush has a twelve month low of $1.55 and a twelve month high of $13.00. The business’s fifty day moving average is $2.14.
In other Hi-Crush news, CEO Robert E. Rasmus purchased 100,000 shares of Hi-Crush stock in a transaction dated Friday, June 7th. The shares were bought at an average cost of $1.63 per share, for a total transaction of $163,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael A. Oehlert purchased 56,000 shares of Hi-Crush stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of $1.77 per share, for a total transaction of $99,120.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 181,000 shares of company stock valued at $302,620. Company insiders own 34.80% of the company’s stock.
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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