TheStreet upgraded shares of HighPoint Resources (NYSE:HPR) from a d+ rating to a c- rating in a report published on Monday.

A number of other equities research analysts have also commented on HPR. Zacks Investment Research lowered shares of HighPoint Resources from a buy rating to a hold rating in a report on Tuesday, October 30th. BMO Capital Markets set a $6.00 price objective on shares of HighPoint Resources and gave the company a hold rating in a research report on Sunday, August 12th. Imperial Capital set a $9.00 price target on shares of HighPoint Resources and gave the company a buy rating in a report on Thursday, September 20th. Seaport Global Securities upgraded shares of HighPoint Resources from a neutral rating to a buy rating and set a $9.00 price objective on the stock in a research note on Friday, September 7th. Finally, ValuEngine lowered shares of HighPoint Resources from a hold rating to a sell rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. HighPoint Resources currently has a consensus rating of Buy and an average price target of $8.16.

NYSE:HPR opened at $3.34 on Monday. HighPoint Resources has a 52 week low of $3.20 and a 52 week high of $7.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $692.57 million, a P/E ratio of -8.79 and a beta of 3.23.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). HighPoint Resources had a negative net margin of 44.13% and a negative return on equity of 0.61%. The firm had revenue of $131.15 million for the quarter, compared to the consensus estimate of $122.47 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was up 93.2% compared to the same quarter last year. Equities research analysts expect that HighPoint Resources will post 0.04 EPS for the current fiscal year.

In other HighPoint Resources news, SVP Troy L. Schindler bought 10,000 shares of the business’s stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average price of $3.50 per share, with a total value of $35,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of HPR. BlackRock Inc. grew its stake in HighPoint Resources by 9.1% during the 3rd quarter. BlackRock Inc. now owns 16,014,613 shares of the company’s stock worth $78,150,000 after buying an additional 1,339,293 shares during the last quarter. Renaissance Technologies LLC grew its stake in HighPoint Resources by 3.5% during the 3rd quarter. Renaissance Technologies LLC now owns 9,936,905 shares of the company’s stock worth $48,492,000 after buying an additional 334,405 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of HighPoint Resources by 21.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,766,856 shares of the company’s stock valued at $42,782,000 after purchasing an additional 1,549,709 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HighPoint Resources by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,737,379 shares of the company’s stock valued at $32,879,000 after purchasing an additional 158,113 shares during the last quarter. Finally, Huber Capital Management LLC boosted its stake in shares of HighPoint Resources by 39.2% in the third quarter. Huber Capital Management LLC now owns 4,977,205 shares of the company’s stock valued at $24,289,000 after buying an additional 1,401,816 shares in the last quarter. 98.17% of the stock is currently owned by institutional investors and hedge funds.

HighPoint Resources Company 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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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