Royal Bank of Canada raised its holdings in shares of HighPoint Resources Corp (NYSE:HPR) by 133.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,009 shares of the company’s stock after purchasing an additional 10,872 shares during the period. Royal Bank of Canada’s holdings in HighPoint Resources were worth $34,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in HighPoint Resources during the first quarter valued at $25,000. Prospera Financial Services Inc bought a new stake in HighPoint Resources during the second quarter valued at $37,000. Eidelman Virant Capital bought a new stake in HighPoint Resources during the second quarter valued at $36,000. Advisory Services Network LLC bought a new stake in HighPoint Resources during the second quarter valued at $49,000. Finally, Walleye Trading LLC bought a new stake in HighPoint Resources during the second quarter valued at $54,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.
Several analysts have weighed in on HPR shares. Seaport Global Securities lowered shares of HighPoint Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. LADENBURG THALM/SH SH lowered shares of HighPoint Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $4.00 to $2.50 in a research note on Monday, August 26th. Zacks Investment Research upgraded shares of HighPoint Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, ValuEngine upgraded shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. HighPoint Resources currently has an average rating of “Hold” and a consensus target price of $4.17.
HighPoint Resources stock opened at $1.21 on Thursday. The company has a 50-day simple moving average of $1.30 and a 200-day simple moving average of $1.62. The firm has a market capitalization of $273.77 million, a P/E ratio of -40.33 and a beta of 3.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.43 and a current ratio of 0.43. HighPoint Resources Corp has a one year low of $0.91 and a one year high of $5.55.
HighPoint Resources (NYSE:HPR) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $121.28 million during the quarter, compared to analyst estimates of $126.52 million. HighPoint Resources had a net margin of 29.34% and a negative return on equity of 2.77%. The company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. As a group, sell-side analysts forecast that HighPoint Resources Corp will post -0.23 earnings per share for the current year.
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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