HighPoint Resources Corp (HPR) Director Andrew C. Kidd Purchases 5,000 Shares

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HighPoint Resources Corp (NYSE:HPR) Director Andrew C. Kidd purchased 5,000 shares of HighPoint Resources stock in a transaction that occurred on Thursday, May 16th. The shares were bought at an average price of $2.25 per share, for a total transaction of $11,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NYSE HPR traded down $0.05 during trading hours on Friday, reaching $2.23. 1,208,269 shares of the company’s stock were exchanged, compared to its average volume of 1,493,774. HighPoint Resources Corp has a one year low of $2.06 and a one year high of $7.60. 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 stock has a market cap of $483.10 million, a price-to-earnings ratio of -74.33 and a beta of 3.23.

HighPoint Resources (NYSE:HPR) last posted its earnings results on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). HighPoint Resources had a negative return on equity of 0.95% and a net margin of 10.53%. The business had revenue of $101.98 million for the quarter, compared to the consensus estimate of $109.28 million. During the same period in the previous year, the company posted ($0.05) earnings per share. HighPoint Resources’s revenue for the quarter was up 26.2% compared to the same quarter last year. On average, analysts predict that HighPoint Resources Corp will post -0.02 EPS for the current year.

A number of analysts have recently commented on the company. Zacks Investment Research raised HighPoint Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 7th. MKM Partners lowered their price target on HighPoint Resources from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, February 28th. Ifs Securities reaffirmed an “outperform” rating on shares of HighPoint Resources in a research note on Sunday, February 3rd. Finally, ValuEngine cut HighPoint Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. HighPoint Resources has an average rating of “Hold” and a consensus price target of $6.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantum Capital Management grew its stake in shares of HighPoint Resources by 40.3% during the 4th quarter. Quantum Capital Management now owns 91,389 shares of the company’s stock worth $228,000 after acquiring an additional 26,256 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of HighPoint Resources by 2.7% in the 3rd quarter. Teachers Advisors LLC now owns 483,631 shares of the company’s stock valued at $2,360,000 after buying an additional 12,860 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of HighPoint Resources by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,621,013 shares of the company’s stock valued at $12,791,000 after buying an additional 184,782 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of HighPoint Resources by 1,854.0% in the 4th quarter. LS Investment Advisors LLC now owns 53,657 shares of the company’s stock valued at $134,000 after buying an additional 50,911 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of HighPoint Resources by 19.4% in the 3rd quarter. Legal & General Group Plc now owns 236,682 shares of the company’s stock valued at $1,150,000 after buying an additional 38,471 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

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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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