Imperial Capital Analysts Give HighPoint Resources (HPR) a $9.00 Price Target
Imperial Capital set a $9.00 target price on HighPoint Resources (NYSE:HPR) in a report issued on Thursday morning. The brokerage currently has a buy rating on the stock. Imperial Capital also issued estimates for HighPoint Resources’ Q3 2018 earnings at $0.01 EPS and FY2018 earnings at $0.01 EPS.
Several other equities research analysts have also recently commented on the stock. 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 research report on Friday, September 7th. BMO Capital Markets set a $6.00 price target on shares of HighPoint Resources and gave the stock a hold rating in a research report on Sunday, August 12th. Finally, LADENBURG THALM/SH SH raised shares of HighPoint Resources from a neutral rating to a buy rating in a research report on Monday, June 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $8.67.
Shares of NYSE:HPR opened at $5.18 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.61. HighPoint Resources has a one year low of $3.97 and a one year high of $7.60. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -13.63 and a beta of 3.29.
In other news, COO Paul W. Geiger III bought 20,000 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were bought at an average cost of $4.90 per share, with a total value of $98,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kenneth A. Wonstolen bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was purchased at an average cost of $4.74 per share, for a total transaction of $47,400.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 80,000 shares of company stock worth $398,400 over the last three months. Insiders own 2.70% of the company’s stock.
Several hedge funds have recently modified their holdings of HPR. SG Americas Securities LLC bought a new stake in shares of HighPoint Resources in the 1st quarter valued at about $102,000. State of Tennessee Treasury Department bought a new stake in shares of HighPoint Resources in the 1st quarter valued at about $355,000. Principal Financial Group Inc. bought a new stake in shares of HighPoint Resources in the 1st quarter valued at about $3,896,000. Bank of Montreal Can bought a new stake in shares of HighPoint Resources in the 2nd quarter valued at about $3,323,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of HighPoint Resources in the 2nd quarter valued at about $128,000. 96.22% of the stock is currently owned by institutional investors.
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.
Further Reading: What is a Leveraged Buyout (LBO)?
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