HighPoint Resources Corp (HPR) Expected to Post Q3 2018 Earnings of $0.00 Per Share

HighPoint Resources Corp (NYSE:HPR) – Equities researchers at SunTrust Banks cut their Q3 2018 earnings per share (EPS) estimates for HighPoint Resources in a report released on Tuesday, October 30th. SunTrust Banks analyst W. Fitzpatrick now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.01. SunTrust Banks also issued estimates for HighPoint Resources’ Q2 2019 earnings at $0.12 EPS.

Several other research analysts have also recently weighed in on the company. ValuEngine cut HighPoint Resources from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet cut HighPoint Resources from a “c-” rating to a “d+” rating in a research note on Monday. Zacks Investment Research cut HighPoint Resources from a “buy” rating to a “hold” rating in a research note on Tuesday. Imperial Capital set a $9.00 target price on HighPoint Resources and gave the company a “buy” rating in a research note on Thursday, September 20th. Finally, Seaport Global Securities raised HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Friday, September 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.04.

NYSE:HPR opened at $4.10 on Thursday. HighPoint Resources has a 1 year low of $3.45 and a 1 year high of $7.60. The firm has a market capitalization of $783.79 million, a PE ratio of -10.79 and a beta of 3.26. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.61.

HighPoint Resources (NYSE:HPR) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). HighPoint Resources had a negative return on equity of 1.73% and a negative net margin of 52.13%. The business had revenue of $131.15 million during the quarter, compared to the consensus estimate of $122.47 million. During the same period in the previous year, the company posted ($0.08) EPS. The company’s revenue for the quarter was up 93.2% compared to the same quarter last year.

In other news, COO Paul W. Geiger III bought 20,000 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kenneth A. Wonstolen bought 10,000 shares of the firm’s stock in a transaction that occurred on 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. Insiders have purchased 80,000 shares of company stock valued at $398,400 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. United Services Automobile Association lifted its holdings in shares of HighPoint Resources by 97.6% during the second 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 during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of HighPoint Resources by 13.3% during the second quarter. New York State Teachers Retirement System now owns 98,675 shares of the company’s stock valued at $600,000 after purchasing an additional 11,612 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of HighPoint Resources by 7.1% during the second quarter. Legal & General Group Plc now owns 198,211 shares of the company’s stock valued at $1,203,000 after purchasing an additional 13,129 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of HighPoint Resources by 10.5% during the third quarter. Arizona State Retirement System now owns 160,227 shares of the company’s stock valued at $782,000 after purchasing an additional 15,183 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of HighPoint Resources by 14.0% during the second quarter. Cubist Systematic Strategies LLC now owns 132,208 shares of the company’s stock valued at $804,000 after purchasing an additional 16,192 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for HighPoint Resources (NYSE:HPR)

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