HighPoint Resources Corp (NYSE:HPR) – Stock analysts at Seaport Global Securities lifted their Q1 2019 earnings per share estimates for shares of HighPoint Resources in a research report issued to clients and investors on Tuesday, October 16th, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now expects that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.18. Seaport Global Securities has a “Buy” rating and a $9.00 price objective on the stock. Seaport Global Securities also issued estimates for HighPoint Resources’ Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.85 EPS.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised HighPoint Resources from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Saturday, October 27th. Imperial Capital set a $9.00 target price on HighPoint Resources and gave the stock a “buy” rating in a research report on Thursday, September 20th. TheStreet downgraded HighPoint Resources from a “c-” rating to a “d+” rating in a research report on Monday, October 29th. BMO Capital Markets set a $6.00 target price on HighPoint Resources and gave the stock a “hold” rating in a research report on Sunday, August 12th. Finally, ValuEngine downgraded HighPoint Resources from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $8.04.
HighPoint Resources stock traded up $0.02 on Wednesday, reaching $4.48. The company’s stock had a trading volume of 3,533,579 shares, compared to its average volume of 2,535,549. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $996.37 million, a P/E ratio of -11.79 and a beta of 3.23. HighPoint Resources has a twelve month low of $3.45 and a twelve month high of $7.60.
HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $131.15 million during the quarter, compared to analyst estimates of $122.47 million. HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. HighPoint Resources’s revenue for the quarter was up 93.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) EPS.
In related news, 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 acquired at an average price of $4.90 per share, for a total transaction of $98,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Starzer acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was bought at an average price of $5.06 per share, with a total value of $253,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 80,000 shares of company stock valued at $398,400. 2.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penn Capital Management Co. Inc. bought a new stake in HighPoint Resources in the second quarter valued at about $100,000. SG Americas Securities LLC bought a new stake in HighPoint Resources in the first quarter valued at about $102,000. Fox Run Management L.L.C. bought a new stake in HighPoint Resources in the second quarter valued at about $128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in HighPoint Resources in the second quarter valued at about $128,000. Finally, United Services Automobile Association increased its holdings in shares of HighPoint Resources by 97.6% in the second quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock worth $128,000 after acquiring an additional 10,414 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.
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.
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