Hi-Crush Inc. (NYSE:HCR) – Equities research analysts at B. Riley dropped their Q3 2019 earnings per share (EPS) estimates for Hi-Crush in a research note issued on Thursday, August 8th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of ($0.07) per share for the quarter, down from their prior estimate of ($0.02). B. Riley also issued estimates for Hi-Crush’s Q4 2019 earnings at ($0.08) EPS, FY2019 earnings at ($0.24) EPS, Q1 2020 earnings at ($0.13) EPS, Q2 2020 earnings at ($0.05) EPS and FY2020 earnings at ($0.16) EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 6th. AltaCorp Capital lowered shares of Hi-Crush from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, July 30th. Finally, ValuEngine raised shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.
NYSE:HCR opened at $1.87 on Monday. Hi-Crush has a 52 week low of $1.55 and a 52 week high of $13.30. The company has a market capitalization of $192.11 million, a price-to-earnings ratio of 1.26 and a beta of 1.93. The business’s 50-day simple moving average is $2.14. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.
In other Hi-Crush news, CFO Laura C. Fulton purchased 25,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average cost of $1.62 per share, with a total value of $40,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael A. Oehlert acquired 56,000 shares of Hi-Crush stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $1.77 per share, for a total transaction of $99,120.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 181,000 shares of company stock worth $302,620. 34.80% of the stock is owned by insiders.
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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