-$0.04 Earnings Per Share Expected for HighPoint Resources Corp (NYSE:HPR) This Quarter

Wall Street analysts expect that HighPoint Resources Corp (NYSE:HPR) will report earnings of ($0.04) per share for the current quarter, according to Zacks. Five analysts have provided estimates for HighPoint Resources’ earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.02). HighPoint Resources reported earnings of $0.01 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 500%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that HighPoint Resources will report full-year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.22) to ($0.14). For the next financial year, analysts expect that the firm will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.19) to $0.22. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow HighPoint Resources.

HighPoint Resources (NYSE:HPR) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The business had revenue of $107.58 million during the quarter, compared to analyst estimates of $108.00 million. HighPoint Resources had a negative return on equity of 2.00% and a net margin of 20.14%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS.

Several equities research analysts have recently issued reports on HPR shares. ValuEngine upgraded HighPoint Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. 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, one has given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.45.

Shares of HighPoint Resources stock traded up $0.03 during trading on Friday, hitting $1.26. 258,404 shares of the stock traded hands, compared to its average volume of 1,283,999. The stock has a market cap of $256.66 million, a P/E ratio of -41.83 and a beta of 3.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.43 and a current ratio of 0.43. HighPoint Resources has a twelve month low of $0.91 and a twelve month high of $5.67. The company has a fifty day moving average price of $1.38 and a two-hundred day moving average price of $2.09.

In related news, COO Paul W. Geiger III bought 30,000 shares of HighPoint Resources stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of $1.88 per share, for a total transaction of $56,400.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Paul W. Geiger III bought 29,000 shares of HighPoint Resources stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average price of $1.92 per share, with a total value of $55,680.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 179,000 shares of company stock valued at $321,980. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HPR. Divisar Capital Management LLC lifted its holdings in 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 purchasing an additional 1,888,880 shares during the last quarter. Quantum Capital Management increased its position in HighPoint Resources by 1,314.4% in the 1st quarter. Quantum Capital Management now owns 1,292,565 shares of the company’s stock worth $2,857,000 after buying an additional 1,201,176 shares during the period. Dimensional Fund Advisors LP increased its position in HighPoint Resources by 13.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,953,492 shares of the company’s stock worth $24,784,000 after buying an additional 1,186,636 shares during the period. Russell Investments Group Ltd. increased its position in HighPoint Resources by 13.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,027,128 shares of the company’s stock worth $18,252,000 after buying an additional 1,185,239 shares during the period. Finally, Keeley Teton Advisors LLC increased its position in HighPoint Resources by 67.7% in the 1st quarter. Keeley Teton Advisors LLC now owns 2,931,672 shares of the company’s stock worth $6,479,000 after buying an additional 1,183,092 shares during the period. Hedge funds and other institutional investors own 97.77% of the company’s stock.

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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Earnings History and Estimates for HighPoint Resources (NYSE:HPR)

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