Hi-Crush Inc. (NYSE:HCR) CEO Purchases $51,000.00 in Stock

Hi-Crush Inc. (NYSE:HCR) CEO Robert E. Rasmus acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of $1.02 per share, with a total value of $51,000.00. Following the completion of the acquisition, the chief executive officer now owns 216,044 shares of the company’s stock, valued at $220,364.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Hi-Crush stock opened at $0.93 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.14 and a current ratio of 1.47. The company has a market capitalization of $90.86 million, a price-to-earnings ratio of 0.62 and a beta of 1.89. Hi-Crush Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $7.78. The company has a 50-day moving average price of $1.38.

Hi-Crush (NYSE:HCR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm 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 3.18% and a negative net margin of 59.74%. Hi-Crush’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. On average, equities analysts anticipate that Hi-Crush Inc. will post -0.29 EPS for the current year.

HCR has been the subject of several research analyst reports. AltaCorp Capital lowered Hi-Crush from a “sector perform” rating to an “underperform” rating in a report on Thursday, November 7th. Piper Jaffray Companies set a $2.00 price objective on Hi-Crush and gave the company a “hold” rating in a report on Monday, August 12th. ValuEngine lowered Hi-Crush from a “hold” rating to a “sell” rating in a report on Thursday. Finally, TheStreet lowered Hi-Crush from a “c-” rating to a “d” rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. Hi-Crush presently has a consensus rating of “Sell” and a consensus target price of $2.00.

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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