CoreCommodity Management LLC purchased a new position in shares of HighPoint Resources Corp (NYSE:HPR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 50,447 shares of the company’s stock, valued at approximately $126,000.
Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of HighPoint Resources by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,436,231 shares of the company’s stock worth $14,812,000 after acquiring an additional 42,182 shares during the period. American Century Companies Inc. acquired a new stake in shares of HighPoint Resources in the 3rd quarter worth $370,000. Prudential Financial Inc. lifted its stake in shares of HighPoint Resources by 10.1% in the 3rd quarter. Prudential Financial Inc. now owns 180,311 shares of the company’s stock worth $880,000 after acquiring an additional 16,550 shares during the period. Rhumbline Advisers lifted its stake in shares of HighPoint Resources by 6.3% in the 3rd quarter. Rhumbline Advisers now owns 264,001 shares of the company’s stock worth $1,288,000 after acquiring an additional 15,537 shares during the period. Finally, Heartland Advisors Inc. acquired a new stake in shares of HighPoint Resources in the 3rd quarter worth $4,256,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE HPR opened at $2.35 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. HighPoint Resources Corp has a 52 week low of $2.06 and a 52 week high of $7.60. The stock has a market capitalization of $488.83 million, a P/E ratio of -78.33 and a beta of 3.19.
HighPoint Resources (NYSE:HPR) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). HighPoint Resources had a net margin of 26.76% and a negative return on equity of 0.52%. The company had revenue of $130.68 million during the quarter, compared to analyst estimates of $134.84 million. The company’s revenue for the quarter was up 56.7% compared to the same quarter last year. As a group, research analysts anticipate that HighPoint Resources Corp will post 0.19 EPS for the current fiscal year.
Several analysts have recently commented on the stock. MKM Partners set a $5.00 target price on shares of HighPoint Resources and gave the stock a “buy” rating in a research note on Thursday, March 7th. Ifs Securities restated an “outperform” rating on shares of HighPoint Resources in a research note on Sunday, February 3rd. Zacks Investment Research upgraded shares of HighPoint Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 7th. JPMorgan Chase & Co. cut shares of HighPoint Resources from an “overweight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note on Friday, December 7th. Finally, TheStreet upgraded shares of HighPoint Resources from a “d+” rating to a “c-” rating in a research note on Monday, December 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $7.03.
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About HighPoint Resources
HighPoint Resources Corporation, together with its subsidiaries, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It primarily holds interests in the Denver Julesburg Basin in Colorado's eastern plains and parts of southeastern Wyoming.
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