HighPoint Resources Corp (NYSE:HPR) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.00.
A number of research analysts recently commented on HPR shares. Zacks Investment Research lowered shares of HighPoint Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
Shares of NYSE HPR remained flat at $$1.20 during mid-day trading on Monday. 721,078 shares of the company were exchanged, compared to its average volume of 1,387,138. HighPoint Resources has a fifty-two week low of $0.91 and a fifty-two week high of $5.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $248.11 million, a price-to-earnings ratio of -40.00 and a beta of 3.09. The company has a fifty day moving average of $1.39 and a two-hundred day moving average of $2.10.
HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.07) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.07). HighPoint Resources had a net margin of 20.14% and a negative return on equity of 2.00%. The business had revenue of $107.58 million for the quarter, compared to analyst estimates of $108.00 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, sell-side analysts predict that HighPoint Resources will post -0.19 EPS for the current fiscal year.
In other HighPoint Resources news, COO Paul W. Geiger III purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $1.88 per share, for a total transaction of $56,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Starzer purchased 50,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $2.04 per share, for a total transaction of $102,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 179,000 shares of company stock worth $321,980. 1.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in HighPoint Resources by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 910,153 shares of the company’s stock worth $2,266,000 after purchasing an additional 4,341 shares during the period. Raymond James & Associates boosted its stake in shares of HighPoint Resources by 14.7% during the 4th quarter. Raymond James & Associates now owns 52,266 shares of the company’s stock valued at $130,000 after buying an additional 6,711 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of HighPoint Resources by 12.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 77,757 shares of the company’s stock valued at $194,000 after buying an additional 8,523 shares during the period. Deltec Asset Management LLC boosted its stake in shares of HighPoint Resources by 100.0% during the 1st quarter. Deltec Asset Management LLC now owns 20,000 shares of the company’s stock valued at $44,000 after buying an additional 10,000 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of HighPoint Resources by 133.6% during the 2nd quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock valued at $34,000 after buying an additional 10,872 shares during the period. 97.77% of the stock is owned by hedge funds and other institutional investors.
HighPoint Resources Company Profile
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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