ValuEngine upgraded shares of HighPoint Resources (NYSE:HPR) from a sell rating to a hold rating in a report released on Thursday morning, ValuEngine reports.
Separately, Zacks Investment Research downgraded shares of HighPoint Resources from a hold rating to a strong sell rating in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $6.38.
Shares of HPR traded up $0.01 during midday trading on Thursday, hitting $1.07. 1,231,854 shares of the company traded hands, compared to its average volume of 1,126,413. The firm has a 50 day simple moving average of $1.59. HighPoint Resources has a 52 week low of $1.02 and a 52 week high of $6.64. The stock has a market cap of $228.72 million, a PE ratio of -35.67 and a beta of 3.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43.
HighPoint Resources (NYSE:HPR) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). HighPoint Resources had a net margin of 10.53% and a negative return on equity of 0.95%. The company had revenue of $101.98 million for the quarter, compared to the consensus estimate of $109.28 million. During the same period last year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. On average, equities analysts anticipate that HighPoint Resources will post -0.2 EPS for the current year.
In other HighPoint Resources news, COO Paul W. Geiger III purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $1.88 per share, with a total value of $56,400.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael R. Starzer purchased 50,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $2.04 per share, with a total value of $102,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 154,000 shares of company stock valued at $298,530. 1.00% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. Swiss National Bank lifted its holdings in shares of HighPoint Resources by 5.3% in the 2nd quarter. Swiss National Bank now owns 217,500 shares of the company’s stock valued at $396,000 after acquiring an additional 10,900 shares during the last quarter. Advisory Services Network LLC purchased a new stake in HighPoint Resources in the 2nd quarter worth about $49,000. Municipal Employees Retirement System of Michigan raised its position in HighPoint Resources by 104.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 64,330 shares of the company’s stock worth $117,000 after purchasing an additional 32,850 shares during the period. Aperio Group LLC raised its position in HighPoint Resources by 99.2% in the 2nd quarter. Aperio Group LLC now owns 66,850 shares of the company’s stock worth $122,000 after purchasing an additional 33,290 shares during the period. Finally, Deltec Asset Management LLC raised its position in HighPoint Resources by 150.0% in the 2nd quarter. Deltec Asset Management LLC now owns 50,000 shares of the company’s stock worth $91,000 after purchasing an additional 30,000 shares during the period. 98.01% of the stock is owned by hedge funds and other institutional investors.
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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