HighPoint Resources Corp (NYSE:HPR)’s share price hit a new 52-week low on Thursday . The company traded as low as $3.10 and last traded at $3.08, with a volume of 66092 shares. The stock had previously closed at $3.34.

A number of equities analysts recently weighed in on HPR shares. Zacks Investment Research raised shares of HighPoint Resources from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Saturday, October 27th. Imperial Capital set a $9.00 price target on shares of HighPoint Resources and gave the stock a “buy” rating in a report on Thursday, September 20th. Seaport Global Securities raised shares of HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Friday, September 7th. MKM Partners started coverage on shares of HighPoint Resources in a report on Wednesday. They issued a “buy” rating and a $9.00 price target on the stock. Finally, TheStreet raised shares of HighPoint Resources from a “d+” rating to a “c-” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. HighPoint Resources has an average rating of “Buy” and an average target price of $8.16.

The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $709.57 million, a price-to-earnings ratio of -8.08 and a beta of 3.23.

HighPoint Resources (NYSE:HPR) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $131.15 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 93.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) earnings per share. On average, analysts anticipate that HighPoint Resources Corp will post 0.04 EPS for the current year.

In other HighPoint Resources news, SVP Troy L. Schindler acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The shares were acquired at an average cost of $3.50 per share, with a total value of $35,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPR. Pinnacle Associates Ltd. purchased a new stake in HighPoint Resources during the second quarter valued at about $16,569,000. Dimensional Fund Advisors LP lifted its holdings in HighPoint Resources by 21.5% during the third 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. Huber Capital Management LLC lifted its holdings in HighPoint Resources by 39.2% during the third quarter. Huber Capital Management LLC now owns 4,977,205 shares of the company’s stock valued at $24,289,000 after purchasing an additional 1,401,816 shares during the last quarter. BlackRock Inc. lifted its holdings in HighPoint Resources by 9.1% during the third quarter. BlackRock Inc. now owns 16,014,613 shares of the company’s stock valued at $78,150,000 after purchasing an additional 1,339,293 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new stake in HighPoint Resources during the second quarter valued at about $7,214,000. 98.17% of the stock is currently owned by institutional investors and hedge funds.

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HighPoint Resources Company Profile (NYSE:HPR)

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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