Seaport Global Securities downgraded shares of HighPoint Resources (NYSE:HPR) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports.
Several other equities analysts also recently weighed in on HPR. LADENBURG THALM/SH SH downgraded shares of HighPoint Resources from a buy rating to a neutral rating and cut their price target for the stock from $4.00 to $2.50 in a report on Monday, August 26th. Zacks Investment Research upgraded shares of HighPoint Resources from a strong sell rating to a hold rating in a report on Tuesday, October 1st. Finally, ValuEngine upgraded shares of HighPoint Resources from a sell rating to a hold rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. HighPoint Resources presently has an average rating of Hold and a consensus target price of $4.19.
HighPoint Resources stock traded down $0.11 during trading hours on Thursday, reaching $1.15. The stock had a trading volume of 614,721 shares, compared to its average volume of 1,329,282. The company has a market cap of $269.50 million, a price-to-earnings ratio of -38.33 and a beta of 3.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50 day moving average price is $1.37 and its 200-day moving average price is $1.78. HighPoint Resources has a 52 week low of $0.91 and a 52 week high of $5.55.
HighPoint Resources (NYSE:HPR) last announced its earnings results on Monday, August 5th. The company reported ($0.07) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.07). HighPoint Resources had a net margin of 20.14% and a negative return on equity of 2.00%. The business had revenue of $107.58 million during the quarter, compared to the consensus estimate of $108.00 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts forecast that HighPoint Resources will post -0.22 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in HPR. Marshall Wace North America L.P. purchased a new position in HighPoint Resources in the 1st quarter valued at $25,000. Royal Bank of Canada increased its stake in shares of HighPoint Resources by 133.6% in the 2nd quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock worth $34,000 after acquiring an additional 10,872 shares during the last quarter. Eidelman Virant Capital acquired a new stake in shares of HighPoint Resources during the 2nd quarter worth about $36,000. Prospera Financial Services Inc acquired a new stake in shares of HighPoint Resources during the 2nd quarter worth about $37,000. Finally, Advisory Services Network LLC acquired a new stake in shares of HighPoint Resources during the 2nd quarter worth about $49,000. Institutional investors and hedge funds own 96.31% of the company’s stock.
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.
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