HighPoint Resources Corp (NYSE:HPR) – Imperial Capital reduced their Q3 2018 earnings estimates for shares of HighPoint Resources in a research report issued to clients and investors on Thursday, September 20th, Zacks Investment Research reports. Imperial Capital analyst J. Wangler now expects that the company will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.02. Imperial Capital has a “Buy” rating and a $9.00 price objective on the stock. Imperial Capital also issued estimates for HighPoint Resources’ FY2018 earnings at $0.01 EPS.
HighPoint Resources (NYSE:HPR) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $110.40 million during the quarter, compared to analysts’ expectations of $103.42 million. HighPoint Resources had a negative return on equity of 1.73% and a negative net margin of 52.13%. The business’s quarterly revenue was up 116.2% on a year-over-year basis.
HPR has been the topic of several other reports. LADENBURG THALM/SH SH upgraded HighPoint Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 25th. Seaport Global Securities upgraded HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Friday, September 7th. Finally, BMO Capital Markets set a $6.00 target price on HighPoint Resources and gave the company a “hold” rating in a research report on Sunday, August 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $8.67.
NYSE HPR traded up $0.07 on Friday, hitting $4.55. 2,779,400 shares of the company traded hands, compared to its average volume of 1,991,824. The company has a market capitalization of $1.04 billion, a PE ratio of -11.97 and a beta of 3.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.66 and a current ratio of 0.66. HighPoint Resources has a 52-week low of $4.15 and a 52-week high of $7.60.
A number of large investors have recently bought and sold shares of HPR. SG Americas Securities LLC bought a new stake in HighPoint Resources during the first quarter valued at about $102,000. State of Tennessee Treasury Department bought a new stake in HighPoint Resources during the first quarter valued at about $355,000. Principal Financial Group Inc. bought a new stake in HighPoint Resources during the first quarter valued at about $3,896,000. Bank of Montreal Can bought a new stake in HighPoint Resources during the second quarter valued at about $3,323,000. Finally, Fox Run Management L.L.C. bought a new stake in HighPoint Resources during the second quarter valued at about $128,000. 96.21% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Michael R. Starzer bought 50,000 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were bought at an average cost of $5.06 per share, for a total transaction of $253,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Paul W. Geiger III bought 20,000 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were bought at an average price of $4.90 per share, for a total transaction of $98,000.00. The disclosure for this purchase can be found here. Insiders have purchased 80,000 shares of company stock worth $398,400 over the last quarter. 2.70% of the stock is owned by company insiders.
About HighPoint Resources
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.
See Also: Intrinsic Value
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