Hi-Crush Inc. (NYSE:HCR) – Analysts at Piper Jaffray Companies lowered their Q3 2019 earnings per share estimates for Hi-Crush in a note issued to investors on Monday, August 12th. Piper Jaffray Companies analyst J. Watson now forecasts that the company will post earnings per share of ($0.05) for the quarter, down from their previous forecast of ($0.02). Piper Jaffray Companies currently has a “Hold” rating and a $2.00 price target on the stock. Piper Jaffray Companies also issued estimates for Hi-Crush’s 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.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 6th. AltaCorp Capital cut shares of Hi-Crush from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, July 30th. Finally, ValuEngine raised shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st.
Shares of HCR opened at $1.79 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. The firm has a market cap of $179.23 million, a PE ratio of 1.20 and a beta of 1.93. The firm has a fifty day moving average price of $2.10. Hi-Crush has a 1 year low of $1.55 and a 1 year high of $13.00.
In related news, CEO Robert E. Rasmus purchased 100,000 shares of the stock in a transaction dated Friday, June 7th. The shares were acquired at an average cost of $1.63 per share, with a total value of $163,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Laura C. Fulton purchased 25,000 shares of the stock in a transaction dated Friday, June 7th. The shares were bought at an average cost of $1.62 per share, for a total transaction of $40,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 181,000 shares of company stock worth $302,620. Corporate 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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