Zacks: Hi-Crush Inc. (NYSE:HCR) Given $3.91 Average Target Price by Brokerages

Hi-Crush Inc. (NYSE:HCR) has been assigned 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 recommendation, one has given a sell recommendation, seven have assigned a hold recommendation and one has given a strong buy recommendation to the company. Hi-Crush’s rating score has improved by 4.4% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price objective of $3.91 for the company and are forecasting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given Hi-Crush an industry rank of 48 out of 256 based on the ratings given to its competitors.

A number of research analysts have recently commented on HCR shares. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th.

Shares of HCR stock traded up $0.04 during trading hours on Friday, reaching $2.24. The company’s stock had a trading volume of 10,197 shares, compared to its average volume of 985,758. The company has a market cap of $224.46 million, a PE ratio of 1.51 and a beta of 1.93. Hi-Crush has a fifty-two week low of $1.55 and a fifty-two week high of $16.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.21 and a current ratio of 1.53.

Hi-Crush (NYSE:HCR) last issued its earnings results on Tuesday, May 7th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $159.91 million during the quarter, compared to analyst estimates of $178.20 million. Hi-Crush had a net margin of 9.99% and a return on equity of 10.24%. On average, equities analysts predict that Hi-Crush will post -0.1 EPS for the current fiscal year.

In other Hi-Crush news, CFO Laura C. Fulton acquired 25,000 shares of the stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $1.62 per share, with a total value of $40,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, COO Michael A. Oehlert acquired 56,000 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $1.77 per share, with a total value 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 valued at $302,620. 34.80% of the stock is owned by corporate 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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