HighPoint Resources (NYSE:HPR) Trading Down 5.8%

HighPoint Resources Corp (NYSE:HPR)’s share price was down 5.8% during mid-day trading on Wednesday . The stock traded as low as $1.57 and last traded at $1.61. Approximately 2,134,124 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 1,483,048 shares. The stock had previously closed at $1.71.

Several equities analysts have recently issued reports on HPR shares. MKM Partners lowered their price target on HighPoint Resources from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. Zacks Investment Research lowered HighPoint Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, May 17th. Finally, ValuEngine lowered HighPoint Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.38.

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $391.18 million, a price-to-earnings ratio of -53.67 and a beta of 3.30.

HighPoint Resources (NYSE:HPR) last issued its earnings results on Monday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). HighPoint Resources had a negative return on equity of 0.95% and a net margin of 10.53%. The business had revenue of $101.98 million during the quarter, compared to analysts’ expectations of $109.28 million. During the same period last year, the firm posted ($0.05) EPS. HighPoint Resources’s quarterly revenue was up 26.2% compared to the same quarter last year. Analysts anticipate that HighPoint Resources Corp will post -0.09 earnings per share for the current year.

In other news, Director Michael R. Starzer purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $2.04 per share, for a total transaction of $102,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth A. Wonstolen purchased 15,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $1.88 per share, with a total value of $28,200.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 154,000 shares of company stock valued at $298,530. 1.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in HPR. Vanguard Group Inc. grew its stake in shares of HighPoint Resources by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,737,379 shares of the company’s stock valued at $32,879,000 after purchasing an additional 158,113 shares during the period. Arizona State Retirement System grew its stake in shares of HighPoint Resources by 6.2% during the 4th quarter. Arizona State Retirement System now owns 170,125 shares of the company’s stock valued at $424,000 after purchasing an additional 9,898 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of HighPoint Resources by 750.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 108,483 shares of the company’s stock valued at $270,000 after purchasing an additional 95,730 shares during the period. Rhumbline Advisers grew its stake in shares of HighPoint Resources by 20.2% during the 4th quarter. Rhumbline Advisers now owns 317,378 shares of the company’s stock valued at $790,000 after purchasing an additional 53,377 shares during the period. Finally, LS Investment Advisors LLC grew its stake in shares of HighPoint Resources by 1,854.0% during the 4th quarter. LS Investment Advisors LLC now owns 53,657 shares of the company’s stock valued at $134,000 after purchasing an additional 50,911 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

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HighPoint Resources Company Profile (NYSE:HPR)

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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