Hi-Crush (NYSE:HCR) Downgraded by AltaCorp Capital to “Underperform”

AltaCorp Capital lowered shares of Hi-Crush (NYSE:HCR) from a sector perform rating to an underperform rating in a research report sent to investors on Thursday morning, The Fly reports.

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

Shares of HCR traded down $0.01 during mid-day trading on Thursday, reaching $1.14. The company’s stock had a trading volume of 1,301,872 shares, compared to its average volume of 1,009,506. The company has a fifty day moving average price of $1.50. The company has a market cap of $125.87 million, a P/E ratio of 0.77 and a beta of 1.89. Hi-Crush has a 1 year low of $1.06 and a 1 year high of $8.10. 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 released its earnings results on Tuesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $172.97 million during the quarter, compared to analyst estimates of $167.86 million. Hi-Crush had a negative return on equity of 2.82% and a negative net margin of 59.74%. The company’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Sell-side analysts predict that Hi-Crush will post -0.25 EPS for the current 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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