Hi-Crush Inc. (NYSE:HCR) – Stock analysts at Seaport Global Securities reduced their Q2 2019 earnings per share (EPS) estimates for shares of Hi-Crush in a report issued on Wednesday, July 17th. Seaport Global Securities analyst M. Urban now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior forecast of ($0.04). Seaport Global Securities also issued estimates for Hi-Crush’s Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at ($0.02) EPS, FY2019 earnings at ($0.14) EPS, Q1 2020 earnings at ($0.04) EPS, Q2 2020 earnings at $0.04 EPS and FY2020 earnings at $0.20 EPS.
Hi-Crush (NYSE:HCR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.06) earnings per share 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 during the quarter, compared to analyst estimates of $178.20 million.
Shares of NYSE HCR opened at $1.92 on Friday. Hi-Crush has a twelve month low of $1.55 and a twelve month high of $16.65. 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 stock has a market capitalization of $190.08 million, a price-to-earnings ratio of 1.29 and a beta of 1.93.
In other news, CEO Robert E. Rasmus acquired 100,000 shares of Hi-Crush stock in a transaction on Friday, June 7th. The stock was bought at an average cost of $1.63 per share, with a total value of $163,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 cost of $1.77 per share, with a total value of $99,120.00. The disclosure for this purchase can be found here. Insiders have acquired 181,000 shares of company stock valued at $302,620 over the last ninety days. Insiders own 34.80% of the company’s stock.
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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