HighPoint Resources (NYSE:HPR) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of HighPoint Resources (NYSE:HPR) from a sell rating to a hold rating in a report released on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered HighPoint Resources from a hold rating to a strong sell rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. HighPoint Resources presently has an average rating of Hold and a consensus target price of $6.38.

HighPoint Resources stock traded up $0.01 during midday trading on Thursday, hitting $1.07. The stock had a trading volume of 44,146 shares, compared to its average volume of 1,221,316. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $231.93 million, a PE ratio of -37.00 and a beta of 3.09. HighPoint Resources has a 12 month low of $1.02 and a 12 month high of $6.64. The business’s fifty day moving average is $1.59.

HighPoint Resources (NYSE:HPR) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $101.98 million during the quarter, compared to the consensus estimate of $109.28 million. HighPoint Resources had a net margin of 10.53% and a negative return on equity of 0.95%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, equities research analysts forecast that HighPoint Resources will post -0.2 EPS for the current fiscal year.

In related news, SVP Kenneth A. Wonstolen bought 15,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $1.88 per share, with a total value of $28,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Starzer bought 50,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were bought 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. Insiders have bought 154,000 shares of company stock valued at $298,530 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of HPR. Marshall Wace North America L.P. bought a new position in HighPoint Resources in the 1st quarter worth approximately $25,000. Eidelman Virant Capital bought a new position in HighPoint Resources in the 2nd quarter worth approximately $36,000. Deltec Asset Management LLC grew its holdings in HighPoint Resources by 100.0% in the 1st quarter. Deltec Asset Management LLC now owns 20,000 shares of the company’s stock worth $44,000 after buying an additional 10,000 shares in the last quarter. Advisory Services Network LLC bought a new position in HighPoint Resources in the 2nd quarter worth approximately $49,000. Finally, BNP Paribas Arbitrage SA bought a new position in HighPoint Resources in the 1st quarter worth approximately $50,000. 97.94% of the stock is owned by institutional investors.

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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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