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 report issued on Thursday morning, The Fly reports.

HCR has been the topic of several other research reports. Piper Jaffray Companies set a $2.00 price target on Hi-Crush and gave the company a hold rating in a research note on Monday, August 12th. TheStreet lowered Hi-Crush from a c- rating to a d rating in a research note on Tuesday, September 3rd. Finally, ValuEngine raised Hi-Crush from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Hi-Crush presently has a consensus rating of Hold and an average target price of $2.00.

Shares of Hi-Crush stock traded down $0.01 during trading hours on Thursday, hitting $1.14. The company’s stock had a trading volume of 1,301,872 shares, compared to its average volume of 1,009,506. Hi-Crush has a twelve month low of $1.06 and a twelve month high of $8.10. The company’s fifty day simple moving average is $1.50. The company has a market cap 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 quick ratio of 1.03 and a current ratio of 1.29.

Hi-Crush (NYSE:HCR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Hi-Crush had a negative return on equity of 2.82% and a negative net margin of 59.74%. The business had revenue of $172.97 million for the quarter, compared to analyst estimates of $167.86 million. During the same quarter in the prior year, the company posted ($0.12) EPS. The company’s quarterly revenue was down 19.2% on a year-over-year basis. Equities analysts predict that Hi-Crush will post -0.25 earnings per share for the current year.

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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