Hi-Crush Inc., a leading provider of proppant logistics solutions, successfully emerged from Chapter 11 bankruptcy in October 2020 following a comprehensive financial restructuring that resulted in the elimination of approximately $450 million in debt.
As of February 27, 2024, the company is optimistic about the sand market, forecasting prices to range between $26 and $28 per ton for the year. Hi-Crush Inc. is poised to significantly contribute to Atlas’ financial performance, with an estimated Adjusted EBITDA for 2024 expected to fall within the range of $425 to $475 million. Additionally, the company anticipates total capital expenditures for the year to be between $335 and $360 million.
Specializing in proppant and logistics services for the North American petroleum industry, Hi-Crush Inc. owns, operates, and develops sand reserves specifically tailored for oil and gas recovery.
AESI Stock Price Update: February 27, 2024 – Stay Informed on Market Movements
On February 27, 2024, AESI stock closed at $18.33, showing a slight increase of $0.01 or 0.05% since the previous market close. In pre-market trading, AESI stock dropped by $0.73, indicating bearish sentiment among investors. Investors should keep an eye on any news or developments related to AESI that could impact its stock price. Overall, investors should closely monitor AESI stock movements to make informed decisions about their investments.
AESI Stock Analysis: Impressive Growth in Total Revenue, Net Income, and EPS, But Decline in Last Quarter
On February 27, 2024, AESI stock had an interesting performance based on the financial data provided by CNN Money. The company’s total revenue for the past year was $482.72 million, which was a significant increase of 180.0% compared to the previous year. However, the total revenue remained flat at $157.62 million for the last quarter.
In terms of net income, AESI reported a net income of $217.01 million for the past year, showing a staggering increase of 4996.43% compared to the previous year. However, the net income decreased by 23.57% to $29.44 million for the last quarter.
Earnings per share (EPS) also showed a similar trend. The EPS for the past year was $2.17, which was a substantial increase of 4994.13% compared to the previous year. However, the EPS decreased by 56.34% to $0.29 for the last quarter.
Overall, AESI stock had a mixed performance on February 27, 2024. While the company showed impressive growth in total revenue, net income, and EPS compared to the previous year, there was a noticeable decline in these metrics for the last quarter. Investors may want to closely monitor the company’s financial performance in the coming quarters to assess its long-term growth potential.
