HighPoint Resources Corp (NYSE:HPR) has received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.43.
Several research firms have weighed in on HPR. Zacks Investment Research lowered HighPoint Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 19th. MKM Partners set a $5.00 target price on HighPoint Resources and gave the company a “buy” rating in a research note on Thursday, March 7th. Ifs Securities reissued an “outperform” rating on shares of HighPoint Resources in a research note on Sunday, February 3rd. JPMorgan Chase & Co. lowered HighPoint Resources from an “overweight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Friday, December 7th. Finally, TheStreet raised HighPoint Resources from a “d+” rating to a “c-” rating in a research report on Monday, December 3rd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in HighPoint Resources by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,436,231 shares of the company’s stock valued at $14,812,000 after buying an additional 42,182 shares during the last quarter. Arizona State Retirement System raised its position in HighPoint Resources by 10.5% in the 3rd quarter. Arizona State Retirement System now owns 160,227 shares of the company’s stock valued at $782,000 after buying an additional 15,183 shares during the last quarter. American Century Companies Inc. acquired a new stake in HighPoint Resources in the 3rd quarter valued at approximately $370,000. Prudential Financial Inc. raised its position in HighPoint Resources by 10.1% in the 3rd quarter. Prudential Financial Inc. now owns 180,311 shares of the company’s stock valued at $880,000 after buying an additional 16,550 shares during the last quarter. Finally, Rhumbline Advisers raised its position in HighPoint Resources by 6.3% in the 3rd quarter. Rhumbline Advisers now owns 264,001 shares of the company’s stock valued at $1,288,000 after buying an additional 15,537 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.
NYSE:HPR opened at $2.30 on Friday. HighPoint Resources has a 1-year low of $2.06 and a 1-year high of $7.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $495.20 million, a price-to-earnings ratio of -76.67 and a beta of 3.19.
HighPoint Resources (NYSE:HPR) last released its earnings results on Tuesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). HighPoint Resources had a net margin of 26.76% and a negative return on equity of 0.52%. The company had revenue of $130.68 million during the quarter, compared to analyst estimates of $134.84 million. HighPoint Resources’s revenue for the quarter was up 56.7% compared to the same quarter last year. Research analysts anticipate that HighPoint Resources will post 0.19 EPS for the current year.
About HighPoint Resources
HighPoint Resources Corporation, together with its subsidiaries, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It primarily holds interests in the Denver Julesburg Basin in Colorado's eastern plains and parts of southeastern Wyoming.
Read More: What are the FAANG Stocks?
Receive News & Ratings for HighPoint Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HighPoint Resources and related companies with MarketBeat.com's FREE daily email newsletter.