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The oil and gas business in North America went through such an incredible boom in recent quarters that it ended up becoming a victim of its own success. One of the casualties of that success this past quarter was frack sand supplier Hi-Crush Partners ( NYSE:HCLP ). With oil pipelines across the country running at capacity, producers stopped fracking wells, which of course led to a slight oversupply of sand that led to lower revenue and earnings at Hi-Crush. On top of the less-than-robust sand market, Hi-Crush is also in the midst of a major change to its corporate structure. It’s a move that has people on Wall Street and those out to make a quick buck selling Hi-Crush’s stock by the bundle. Ever since it announced its most recent corporate change, shares are down 21%. With all this going on, it’s hard to tell whether shares of Hi-Crush are a good buy or not. So let’s sift through the most recent earnings report and digest some of the recent news to see what to make of this frack sand stock. By the numbers Metric Q3 2018 Q2 2018 Q3 2017 Revenue $213.9 million $248.5 million $167.6 million EBITDA […]
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