HighPoint Resources (HPR) Stock Price Down 5.1%

HighPoint Resources Corp (NYSE:HPR)’s share price fell 5.1% during mid-day trading on Thursday . The company traded as low as $4.30 and last traded at $4.31. 1,597,050 shares changed hands during trading, a decline of 19% from the average session volume of 1,981,582 shares. The stock had previously closed at $4.54.

A number of research firms have issued reports on HPR. Imperial Capital set a $9.00 price target on shares of HighPoint Resources and gave the stock a “buy” rating in a research report on Thursday, September 20th. Seaport Global Securities raised shares of HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Friday, September 7th. BMO Capital Markets set a $6.00 price target on shares of HighPoint Resources and gave the stock a “hold” rating in a research report on Sunday, August 12th. Finally, LADENBURG THALM/SH SH raised shares of HighPoint Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. HighPoint Resources has a consensus rating of “Buy” and a consensus price target of $8.67.

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -11.55 and a beta of 3.26.

HighPoint Resources (NYSE:HPR) last posted its earnings results on Wednesday, August 8th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $110.40 million for the quarter, compared to analysts’ expectations of $103.42 million. HighPoint Resources had a negative net margin of 52.13% and a negative return on equity of 1.73%. The firm’s revenue for the quarter was up 116.2% on a year-over-year basis. As a group, analysts predict that HighPoint Resources Corp will post 0.1 EPS for the current year.

In other news, Director Michael R. Starzer bought 50,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was purchased at an average cost of $5.06 per share, with a total value of $253,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kenneth A. Wonstolen bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were purchased at an average cost of $4.74 per share, with a total value of $47,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 80,000 shares of company stock valued at $398,400. Insiders own 2.70% of the company’s stock.

Several large investors have recently bought and sold shares of the company. United Services Automobile Association increased its holdings in shares of HighPoint Resources by 97.6% during the 2nd quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock valued at $128,000 after purchasing an additional 10,414 shares in the last quarter. Northern Trust Corp increased its holdings in shares of HighPoint Resources by 30.5% during the 2nd quarter. Northern Trust Corp now owns 1,494,722 shares of the company’s stock valued at $9,087,000 after purchasing an additional 348,923 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of HighPoint Resources by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,436,231 shares of the company’s stock valued at $14,812,000 after purchasing an additional 42,182 shares in the last quarter. Millennium Management LLC grew its stake in HighPoint Resources by 25.8% in the 2nd quarter. Millennium Management LLC now owns 506,747 shares of the company’s stock valued at $3,081,000 after acquiring an additional 103,939 shares during the period. Finally, Paloma Partners Management Co grew its stake in HighPoint Resources by 315.8% in the 2nd quarter. Paloma Partners Management Co now owns 135,885 shares of the company’s stock valued at $826,000 after acquiring an additional 103,203 shares during the period. 96.21% of the stock is owned by hedge funds and other institutional investors.

About HighPoint Resources (NYSE:HPR)

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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