Shares of HighPoint Resources Corp (NYSE:HPR) have received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.38.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of HighPoint Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 25th. ValuEngine raised shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, LADENBURG THALM/SH SH lowered shares of HighPoint Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $4.00 to $2.50 in a report on Monday, August 26th.

Shares of HPR traded up $0.05 on Friday, hitting $1.41. The company’s stock had a trading volume of 1,102,700 shares, compared to its average volume of 1,348,362. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average price is $1.20 and its 200-day moving average price is $1.94. HighPoint Resources has a fifty-two week low of $0.91 and a fifty-two week high of $5.55. The firm has a market capitalization of $310.14 million, a price-to-earnings ratio of -47.00 and a beta of 3.13.

HighPoint Resources (NYSE:HPR) last posted its earnings results on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $107.58 million during the quarter, compared to analysts’ expectations of $108.00 million. HighPoint Resources had a negative return on equity of 2.00% and a net margin of 20.14%. HighPoint Resources’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. As a group, equities analysts predict that HighPoint Resources will post -0.21 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised 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 valued at $24,784,000 after buying an additional 1,186,636 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of HighPoint Resources during the 1st quarter worth approximately $50,000. SG Americas Securities LLC bought a new position in shares of HighPoint Resources during the 1st quarter worth approximately $228,000. Alps Advisors Inc. acquired a new stake in shares of HighPoint Resources in the first quarter valued at approximately $390,000. Finally, Quantum Capital Management raised its holdings in shares of HighPoint Resources by 1,314.4% in the first quarter. Quantum Capital Management now owns 1,292,565 shares of the company’s stock valued at $2,857,000 after purchasing an additional 1,201,176 shares during the last quarter. Institutional investors and hedge funds own 96.33% 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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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