HighPoint Resources Corp (NYSE:HPR) Receives Average Rating of “Buy” from Analysts

HighPoint Resources Corp (NYSE:HPR) has received an average rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $3.75.

Several equities analysts have commented on HPR shares. Zacks Investment Research downgraded HighPoint Resources from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. ValuEngine raised HighPoint Resources from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Seaport Global Securities downgraded HighPoint Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th.

Hedge funds have recently modified their holdings of the business. Divisar Capital Management LLC lifted its holdings in shares of HighPoint Resources by 25.6% in the 2nd quarter. Divisar Capital Management LLC now owns 9,280,799 shares of the company’s stock worth $16,891,000 after buying an additional 1,888,880 shares during the period. State Street Corp lifted its holdings in shares of HighPoint Resources by 0.9% in the 3rd quarter. State Street Corp now owns 3,260,152 shares of the company’s stock worth $5,184,000 after buying an additional 27,789 shares during the period. United Services Automobile Association lifted its holdings in shares of HighPoint Resources by 37.4% in the 2nd quarter. United Services Automobile Association now owns 66,052 shares of the company’s stock worth $120,000 after buying an additional 17,981 shares during the period. California Public Employees Retirement System lifted its holdings in shares of HighPoint Resources by 4.3% in the 3rd quarter. California Public Employees Retirement System now owns 652,518 shares of the company’s stock worth $1,038,000 after buying an additional 27,124 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of HighPoint Resources by 5.0% in the 2nd quarter. Northern Trust Corp now owns 1,394,009 shares of the company’s stock worth $2,537,000 after buying an additional 66,574 shares during the period. Institutional investors and hedge funds own 93.18% of the company’s stock.

HighPoint Resources stock traded up $0.01 during mid-day trading on Thursday, hitting $1.31. The company’s stock had a trading volume of 808,500 shares, compared to its average volume of 879,256. The company has a 50 day moving average of $1.49 and a 200-day moving average of $1.38. The stock has a market cap of $301.28 million, a PE ratio of -43.67 and a beta of 3.45. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.65 and a current ratio of 0.65. HighPoint Resources has a one year low of $0.91 and a one year high of $3.32.

HighPoint Resources (NYSE:HPR) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The company had revenue of $121.28 million for the quarter, compared to the consensus estimate of $126.52 million. HighPoint Resources had a negative return on equity of 2.78% and a net margin of 29.34%. HighPoint Resources’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. On average, equities research analysts forecast that HighPoint Resources will post -0.19 EPS for the current fiscal 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.

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