Equities research analysts forecast that HighPoint Resources Corp (NYSE:HPR) will post sales of $108.67 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for HighPoint Resources’ earnings. The highest sales estimate is $111.33 million and the lowest is $105.00 million. HighPoint Resources reported sales of $110.40 million in the same quarter last year, which indicates a negative year over year growth rate of 1.6%. The business is expected to report its next quarterly earnings report after the market closes on Monday, August 5th.
According to Zacks, analysts expect that HighPoint Resources will report full-year sales of $482.17 million for the current financial year, with estimates ranging from $464.00 million to $502.40 million. For the next financial year, analysts anticipate that the business will post sales of $586.93 million, with estimates ranging from $549.50 million to $638.89 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for HighPoint Resources.
HighPoint Resources (NYSE:HPR) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). HighPoint Resources had a negative return on equity of 0.95% and a net margin of 10.53%. The business had revenue of $101.98 million for the quarter, compared to analysts’ expectations of $109.28 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. HighPoint Resources’s quarterly revenue was up 26.2% compared to the same quarter last year.
Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of HighPoint Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.38.
In related news, COO Paul W. Geiger III acquired 29,000 shares of HighPoint Resources stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $1.92 per share, for a total transaction of $55,680.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kenneth A. Wonstolen acquired 15,000 shares of HighPoint Resources stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $1.88 per share, for a total transaction of $28,200.00. The disclosure for this purchase can be found here. Insiders bought 154,000 shares of company stock valued at $298,530 over the last 90 days. Insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in HighPoint Resources by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 910,153 shares of the company’s stock valued at $2,266,000 after acquiring an additional 4,341 shares during the last quarter. Raymond James & Associates boosted its stake in HighPoint Resources by 14.7% during the 4th quarter. Raymond James & Associates now owns 52,266 shares of the company’s stock valued at $130,000 after acquiring an additional 6,711 shares during the last quarter. United Services Automobile Association boosted its stake in HighPoint Resources by 26.6% during the 4th quarter. United Services Automobile Association now owns 38,081 shares of the company’s stock valued at $95,000 after acquiring an additional 8,012 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in HighPoint Resources by 12.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 77,757 shares of the company’s stock valued at $194,000 after acquiring an additional 8,523 shares during the last quarter. Finally, Penn Capital Management Co. Inc. boosted its stake in HighPoint Resources by 32.1% during the 4th quarter. Penn Capital Management Co. Inc. now owns 39,850 shares of the company’s stock valued at $99,000 after acquiring an additional 9,680 shares during the last quarter. Hedge funds and other institutional investors own 98.01% of the company’s stock.
HPR traded up $0.01 during trading on Friday, hitting $1.07. 1,231,854 shares of the company’s stock were exchanged, compared to its average volume of 1,221,316. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.62. HighPoint Resources has a 1 year low of $1.02 and a 1 year high of $6.64. The stock’s 50 day moving average is $1.59.
HighPoint Resources Company Profile
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.
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