Bank of New York Mellon Corp increased its position in HighPoint Resources Corp (NYSE:HPR) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,436,231 shares of the company’s stock after purchasing an additional 42,182 shares during the quarter. Bank of New York Mellon Corp owned 1.15% of HighPoint Resources worth $14,812,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in HPR. Penn Capital Management Co. Inc. acquired a new stake in shares of HighPoint Resources during the second quarter worth $100,000. SG Americas Securities LLC acquired a new stake in shares of HighPoint Resources during the first quarter worth $102,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of HighPoint Resources during the second quarter worth $128,000. Fox Run Management L.L.C. acquired a new stake in shares of HighPoint Resources during the second quarter worth $128,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of HighPoint Resources during the second quarter worth $135,000. Institutional investors and hedge funds own 96.21% of the company’s stock.
A number of brokerages have weighed in on HPR. BMO Capital Markets set a $6.00 target price on shares of HighPoint Resources and gave the stock a “hold” rating in a report on Sunday, August 12th. Imperial Capital set a $9.00 target price on shares of HighPoint Resources and gave the stock a “buy” rating in a report on Thursday, September 20th. LADENBURG THALM/SH SH raised shares of HighPoint Resources from a “neutral” rating to a “buy” rating in a report on Monday, June 25th. Finally, Seaport Global Securities raised shares of HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Friday, September 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $8.67.
Shares of HPR stock traded up $0.07 during trading hours on Friday, reaching $4.55. The stock had a trading volume of 2,779,400 shares, compared to its average volume of 1,991,824. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.61. HighPoint Resources Corp has a twelve month low of $4.15 and a twelve month high of $7.60. The stock has a market cap of $1.04 billion, a PE ratio of -11.97 and a beta of 3.26.
HighPoint Resources (NYSE:HPR) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.02) earnings per share for the quarter. HighPoint Resources had a negative return on equity of 1.73% and a negative net margin of 52.13%. The firm had revenue of $110.40 million during the quarter, compared to analyst estimates of $103.42 million. The firm’s revenue was up 116.2% on a year-over-year basis. Equities analysts forecast that HighPoint Resources Corp will post 0.1 EPS for the current fiscal year.
In other news, Director Michael R. Starzer acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were acquired at an average price of $5.06 per share, with a total value of $253,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Paul W. Geiger III acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was purchased at an average cost of $4.90 per share, for a total transaction of $98,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 80,000 shares of company stock worth $398,400. Corporate insiders own 2.70% of the company’s stock.
HighPoint Resources Profile
HighPoint Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas resources in the United States. It primarily holds interests in the Northeast Wattenberg and Hereford fields of the Denver Julesburg basin located in the eastern plains of Colorado and parts of southeastern Wyoming.
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