Hi-Crush Inc. (NYSE:HCR) Given $3.46 Consensus Target Price by Brokerages

Shares of Hi-Crush Inc. (NYSE:HCR) have received a consensus broker rating score of 3.27 (Hold) from the eleven brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong sell rating, one has given a sell rating, seven have assigned a hold rating and one has given a strong buy rating to the company. Hi-Crush’s rating score has declined by 0.6% from three months ago as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus price target of $3.46 for the company and are predicting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hi-Crush an industry rank of 113 out of 256 based on the ratings given to its competitors.

A number of research analysts recently issued reports on HCR shares. Zacks Investment Research downgraded Hi-Crush from a “hold” rating to a “strong sell” rating in a report on Thursday, June 6th. Piper Jaffray Companies set a $2.00 price target on Hi-Crush and gave the company a “hold” rating in a report on Monday. ValuEngine upgraded Hi-Crush from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Finally, AltaCorp Capital downgraded Hi-Crush from a “sector perform” rating to an “underperform” rating in a report on Tuesday, July 30th.

NYSE:HCR traded down $0.06 during mid-day trading on Thursday, reaching $1.79. 614,443 shares of the company’s stock traded hands, compared to its average volume of 1,056,691. Hi-Crush has a 12-month low of $1.55 and a 12-month high of $13.00. The firm has a market cap of $179.23 million, a price-to-earnings ratio of 1.20 and a beta of 1.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.53 and a quick ratio of 1.21. The firm’s 50 day moving average is $2.12.

In other Hi-Crush news, COO Michael A. Oehlert acquired 56,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $1.77 per share, with a total value of $99,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Laura C. Fulton acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average cost 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 company insiders.

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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