HighPoint Resources (HPR) Reaches New 12-Month Low at $4.12

HighPoint Resources Corp (NYSE:HPR) shares reached a new 52-week low on Friday . The stock traded as low as $4.12 and last traded at $4.15, with a volume of 82682 shares traded. The stock had previously closed at $4.31.

A number of research firms have commented on HPR. Imperial Capital set a $9.00 price objective on shares of HighPoint Resources and gave the company 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 objective for the company in a report on Friday, September 7th. BMO Capital Markets set a $6.00 price objective on shares of HighPoint Resources and gave the company a “hold” rating in a report on Sunday, August 12th. Finally, LADENBURG THALM/SH SH upgraded shares of HighPoint Resources from a “neutral” rating to a “buy” rating in a 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 stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.67.

The firm has a market cap of $915.49 million, a P/E ratio of -10.79 and a beta of 3.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.66 and a current ratio of 0.66.

HighPoint Resources (NYSE:HPR) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.02) EPS for the quarter. The business had revenue of $110.40 million during the quarter, compared to analyst estimates of $103.42 million. HighPoint Resources had a negative net margin of 52.13% and a negative return on equity of 1.73%. The company’s revenue for the quarter was up 116.2% on a year-over-year basis. On average, research analysts expect that HighPoint Resources Corp will post 0.09 earnings per share for the current year.

In other news, COO Paul W. Geiger III purchased 20,000 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was acquired at an average price of $4.90 per share, with a total value of $98,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Starzer purchased 50,000 shares of the company’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 disclosure for this purchase can be found here. In the last quarter, insiders acquired 80,000 shares of company stock valued at $398,400. 2.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. United Services Automobile Association boosted its position 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 worth $128,000 after purchasing an additional 10,414 shares during the period. Northern Trust Corp boosted its position 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 worth $9,087,000 after purchasing an additional 348,923 shares during the period. Bank of New York Mellon Corp boosted its position 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 worth $14,812,000 after purchasing an additional 42,182 shares during the period. Millennium Management LLC boosted its position in shares of HighPoint Resources by 25.8% during the 2nd quarter. Millennium Management LLC now owns 506,747 shares of the company’s stock worth $3,081,000 after purchasing an additional 103,939 shares during the period. Finally, Paloma Partners Management Co boosted 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 purchasing an additional 103,203 shares during the period. 96.21% of the stock is owned by institutional investors and hedge funds.

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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