HighPoint Resources (NYSE:HPR) has been assigned a $6.00 price target by analysts at BMO Capital Markets in a note issued to investors on Sunday. The brokerage currently has a “hold” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 24.48% from the company’s current price.
HPR has been the topic of several other research reports. JPMorgan Chase & Co. initiated coverage on shares of HighPoint Resources in a report on Thursday, April 26th. They issued an “overweight” rating and a $10.00 target price on the stock. ValuEngine upgraded shares of HighPoint Resources from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. LADENBURG THALM/SH SH upgraded shares of HighPoint Resources from a “neutral” rating to a “buy” rating in a report on Monday, June 25th. Finally, TheStreet upgraded shares of HighPoint Resources from a “d” rating to a “c-” rating in a report on Wednesday, May 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $8.50.
Shares of HighPoint Resources stock opened at $4.82 on Friday. The company has a current ratio of 0.66, a quick ratio of 1.15 and a debt-to-equity ratio of 0.61. HighPoint Resources has a 52-week low of $2.66 and a 52-week high of $7.60. The company has a market capitalization of $1.07 billion, a PE ratio of -12.68 and a beta of 3.32.
In other news, SVP David R. Macosko sold 22,650 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $6.70, for a total value of $151,755.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HPR. Pinnacle Associates Ltd. bought a new stake in HighPoint Resources in the second quarter valued at $16,569,000. Northpointe Capital LLC bought a new stake in HighPoint Resources in the second quarter valued at $8,409,000. BlackRock Inc. boosted its holdings in HighPoint Resources by 7.0% in the second quarter. BlackRock Inc. now owns 14,675,320 shares of the company’s stock valued at $89,225,000 after acquiring an additional 953,786 shares in the last quarter. Principal Financial Group Inc. bought a new stake in HighPoint Resources in the first quarter valued at $3,896,000. Finally, Renaissance Technologies LLC boosted its holdings in HighPoint Resources by 6.6% in the second quarter. Renaissance Technologies LLC now owns 9,602,500 shares of the company’s stock valued at $58,383,000 after acquiring an additional 594,800 shares in the last quarter. Institutional investors and hedge funds own 97.17% of the company’s stock.
HighPoint Resources Company Profile
HighPoint Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas resources in the United States. It primarily holds interests in the Northeast Wattenberg and Hereford fields of the Denver Julesburg basin located in the eastern plains of Colorado and parts of southeastern Wyoming.
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