HighPoint Resources Corp (HPR) Given Consensus Rating of “Buy” by Brokerages

Shares of HighPoint Resources Corp (NYSE:HPR) have earned an average rating of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.67.

Several research analysts have commented on HPR shares. Zacks Investment Research upgraded shares of HighPoint Resources from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Saturday, October 27th. Imperial Capital set a $9.00 price target on shares of HighPoint Resources and gave the stock a “buy” rating in a report on Thursday, September 20th. Seaport Global Securities upgraded shares of HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a report on Friday, September 7th. TheStreet cut shares of HighPoint Resources from a “c-” rating to a “d+” rating in a report on Monday, October 29th. Finally, BMO Capital Markets set a $6.00 price target on shares of HighPoint Resources and gave the stock a “hold” rating in a report on Sunday, August 12th.

NYSE HPR opened at $4.48 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.62. HighPoint Resources has a 52 week low of $3.45 and a 52 week high of $7.60. The company has a market cap of $953.88 million, a price-to-earnings ratio of -11.79 and a beta of 3.23.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. The firm had revenue of $131.15 million for the quarter, compared to analyst estimates of $122.47 million. During the same quarter last year, the firm earned ($0.08) EPS. The company’s revenue was up 93.2% on a year-over-year basis. As a group, research analysts expect that HighPoint Resources will post 0.08 EPS for the current fiscal year.

In related news, COO Paul W. Geiger III acquired 20,000 shares of HighPoint Resources stock in a transaction dated Monday, August 20th. The stock was acquired at an average price of $4.90 per share, for a total transaction of $98,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kenneth A. Wonstolen acquired 10,000 shares of HighPoint Resources stock in a transaction dated Thursday, August 16th. The shares were bought at an average price of $4.74 per share, with a total value of $47,400.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 80,000 shares of company stock valued at $398,400 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Paloma Partners Management Co lifted its position in shares of HighPoint Resources by 315.8% during the 2nd quarter. Paloma Partners Management Co now owns 135,885 shares of the company’s stock worth $826,000 after buying an additional 103,203 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of HighPoint Resources by 14.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 132,208 shares of the company’s stock worth $804,000 after buying an additional 16,192 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of HighPoint Resources during the 2nd quarter worth approximately $277,000. Pinnacle Associates Ltd. purchased a new stake in shares of HighPoint Resources during the 2nd quarter worth approximately $16,569,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of HighPoint Resources during the 2nd quarter worth approximately $581,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

About HighPoint Resources

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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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