Hi-Crush (NYSE:HCR) Shares Down 12.3%

Hi-Crush Inc. (NYSE:HCR) traded down 12.3% during trading on Thursday . The company traded as low as $1.76 and last traded at $1.85, 1,341,886 shares traded hands during mid-day trading. An increase of 25% from the average session volume of 1,076,859 shares. The stock had previously closed at $2.11.

A number of equities research analysts have commented on the company. ValuEngine upgraded Hi-Crush from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered Hi-Crush from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 6th. Finally, AltaCorp Capital lowered Hi-Crush from a “sector perform” rating to an “underperform” rating in a research report on Tuesday.

The company’s 50-day moving average price is $2.35. The company has a market cap of $213.33 million, a PE ratio of 1.29 and a beta of 1.93. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

Hi-Crush (NYSE:HCR) last announced its earnings results on Tuesday, May 7th. The company reported ($0.06) EPS for the quarter. Hi-Crush had a net margin of 9.99% and a return on equity of 10.24%. The business had revenue of $159.91 million for the quarter, compared to the consensus estimate of $178.20 million. Sell-side analysts expect that Hi-Crush Inc. will post -0.12 earnings per share for the current year.

In other Hi-Crush news, CEO Robert E. Rasmus bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $1.63 per share, for a total transaction of $163,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Laura C. Fulton bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $1.62 per share, for a total transaction of $40,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 181,000 shares of company stock worth $302,620. 34.80% of the stock is owned by corporate insiders.

About Hi-Crush (NYSE:HCR)

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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