MKM Partners assumed coverage on shares of HighPoint Resources (NYSE:HPR) in a report issued on Wednesday, The Fly reports. The firm issued a buy rating and a $9.00 price target on the stock.
HPR has been the subject of several other research reports. ValuEngine lowered HighPoint Resources from a hold rating to a sell rating in a research report on Thursday, November 1st. Zacks Investment Research lowered HighPoint Resources from a buy rating to a hold rating in a research report on Tuesday, October 30th. TheStreet lowered HighPoint Resources from a c- rating to a d+ rating in a research report on Monday, October 29th. Seaport Global Securities upgraded 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. Finally, BMO Capital Markets set a $6.00 target price on HighPoint Resources and gave the company a hold rating in a research report on Sunday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $8.16.
HPR opened at $3.28 on Wednesday. The stock has a market capitalization of $709.57 million, a P/E ratio of -8.63 and a beta of 3.23. HighPoint Resources has a 12 month low of $3.20 and a 12 month high of $7.60. 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 (NYSE:HPR) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $131.15 million during the quarter, compared to analysts’ expectations of $122.47 million. HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. The company’s revenue was up 93.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.08) EPS. Analysts anticipate that HighPoint Resources will post 0.04 earnings per share for the current year.
In other HighPoint Resources news, SVP Troy L. Schindler bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was acquired at an average price of $3.50 per share, for a total transaction of $35,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of HighPoint Resources in the second quarter valued at approximately $128,000. United Services Automobile Association boosted its holdings in shares of HighPoint Resources by 97.6% in 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 period. Teacher Retirement System of Texas purchased a new stake in shares of HighPoint Resources in the second quarter valued at approximately $135,000. Penn Capital Management Co. Inc. boosted its holdings in shares of HighPoint Resources by 84.2% in the third quarter. Penn Capital Management Co. Inc. now owns 30,170 shares of the company’s stock valued at $147,000 after purchasing an additional 13,787 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in shares of HighPoint Resources in the second quarter valued at approximately $148,000. Institutional investors and hedge funds own 98.17% 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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