HighPoint Resources Corp (NYSE:HPR) SVP Troy L. Schindler acquired 125,000 shares of the company’s stock in a transaction on Monday, December 10th. The shares were acquired at an average price of $2.88 per share, for a total transaction of $360,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of HPR opened at $2.89 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.48 and a current ratio of 0.48. HighPoint Resources Corp has a 52 week low of $2.73 and a 52 week high of $7.60.
HighPoint Resources (NYSE:HPR) last issued its 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). The firm had revenue of $131.15 million during the quarter, compared to analyst estimates of $122.47 million. HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. HighPoint Resources’s revenue was up 93.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) EPS. As a group, equities research analysts anticipate that HighPoint Resources Corp will post 0.03 EPS for the current year.
HPR has been the topic of several analyst reports. MKM Partners initiated coverage on HighPoint Resources in a report on Wednesday, December 5th. They set a “buy” rating and a $9.00 price objective on the stock. ValuEngine downgraded HighPoint Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded HighPoint Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. TheStreet downgraded HighPoint Resources from a “c-” rating to a “d+” rating in a report on Monday, October 29th. Finally, JPMorgan Chase & Co. downgraded HighPoint Resources from an “overweight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.53.
Several institutional investors and hedge funds have recently modified their holdings of HPR. Principal Financial Group Inc. acquired a new position in shares of HighPoint Resources in the 1st quarter worth approximately $3,896,000. New York State Teachers Retirement System grew its position in shares of HighPoint Resources by 13.3% in the 2nd quarter. New York State Teachers Retirement System now owns 98,675 shares of the company’s stock worth $600,000 after acquiring an additional 11,612 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of HighPoint Resources in the 2nd quarter worth approximately $128,000. Engineers Gate Manager LP grew its position in shares of HighPoint Resources by 752.6% in the 2nd quarter. Engineers Gate Manager LP now owns 218,930 shares of the company’s stock worth $1,331,000 after acquiring an additional 193,251 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of HighPoint Resources by 10.0% in the 2nd quarter. Rhumbline Advisers now owns 248,464 shares of the company’s stock worth $1,511,000 after acquiring an additional 22,524 shares in the last quarter. Institutional investors own 98.17% of the company’s stock.
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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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