HighPoint Resources Corp (NYSE:HPR)’s share price fell 6.4% during trading on Thursday . The stock traded as low as $1.92 and last traded at $2.05. 2,254,616 shares traded hands during trading, an increase of 93% from the average session volume of 1,165,302 shares. The stock had previously closed at $2.19.

Several research firms recently commented on HPR. ValuEngine raised HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. MKM Partners set a $5.00 price target on HighPoint Resources and gave the stock a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered HighPoint Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, May 17th. Finally, Ifs Securities reissued an “outperform” rating on shares of HighPoint Resources in a research report on Sunday, February 3rd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. HighPoint Resources currently has an average rating of “Hold” and a consensus target price of $6.38.

The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $491.65 million, a PE ratio of -68.33 and a beta of 3.23.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $109.28 million. During the same quarter in the prior year, the firm earned ($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 forecast that HighPoint Resources Corp will post -0.02 EPS for the current year.

In other HighPoint Resources news, Director Michael R. Starzer acquired 50,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $2.04 per share, for a total transaction of $102,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of HPR. Deltec Asset Management LLC purchased a new stake in HighPoint Resources during the 4th quarter worth approximately $25,000. Marshall Wace North America L.P. purchased a new stake in HighPoint Resources during the 1st quarter worth approximately $25,000. PEAK6 Investments LLC purchased a new stake in HighPoint Resources during the 4th quarter worth approximately $34,000. Oregon Public Employees Retirement Fund purchased a new stake in HighPoint Resources during the 4th quarter worth approximately $42,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in HighPoint Resources during the 1st quarter worth approximately $50,000. Institutional investors own 98.98% of the company’s stock.

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About HighPoint Resources (NYSE:HPR)

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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