HighPoint Resources Corp (HPR) Shares Bought by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. raised its stake in shares of HighPoint Resources Corp (NYSE:HPR) by 32.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,850 shares of the company’s stock after buying an additional 9,680 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in HighPoint Resources were worth $99,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Deltec Asset Management LLC purchased a new stake in HighPoint Resources in the fourth quarter worth approximately $25,000. PEAK6 Investments LLC bought a new stake in HighPoint Resources in the fourth quarter valued at approximately $34,000. Magnus Financial Group LLC bought a new stake in HighPoint Resources in the fourth quarter valued at approximately $61,000. First Citizens Bank & Trust Co. lifted its position in HighPoint Resources by 44.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 28,530 shares of the company’s stock valued at $71,000 after purchasing an additional 8,797 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its position in HighPoint Resources by 50.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 30,000 shares of the company’s stock valued at $74,000 after purchasing an additional 10,000 shares during the last quarter. 99.66% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. ValuEngine upgraded HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. MKM Partners set a $5.00 price objective on HighPoint Resources and gave the company a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded HighPoint Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Ifs Securities restated an “outperform” rating on shares of HighPoint Resources in a report on Sunday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.38.

HPR traded up $0.04 during trading on Friday, reaching $2.77. The stock had a trading volume of 865,333 shares, compared to its average volume of 1,187,079. 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 company has a market cap of $590.24 million, a price-to-earnings ratio of -92.33 and a beta of 3.16. HighPoint Resources Corp has a one year low of $2.06 and a one year high of $7.60.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). HighPoint Resources had a negative return on equity of 0.52% and a net margin of 26.76%. The firm had revenue of $130.68 million during the quarter, compared to the consensus estimate of $134.84 million. The company’s revenue for the quarter was up 56.7% compared to the same quarter last year.

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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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Institutional Ownership by Quarter for HighPoint Resources (NYSE:HPR)

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