Wall Street analysts forecast that HighPoint Resources Corp (NYSE:HPR) will announce $0.05 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for HighPoint Resources’ earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.10. HighPoint Resources posted earnings per share of ($0.08) during the same quarter last year, which would indicate a positive year-over-year growth rate of 162.5%. The company is expected to issue its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that HighPoint Resources will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.24. For the next fiscal year, analysts expect that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.48 to $1.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for HighPoint Resources.

HighPoint Resources (NYSE:HPR) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $110.40 million for the quarter, compared to analyst estimates of $103.42 million. HighPoint Resources had a negative return on equity of 1.73% and a negative net margin of 52.13%. HighPoint Resources’s quarterly revenue was up 116.2% on a year-over-year basis.

Several equities analysts have weighed in on the company. TheStreet raised HighPoint Resources from a “d” rating to a “c-” rating in a report on Wednesday, May 16th. BMO Capital Markets set a $6.00 price objective on HighPoint Resources and gave the company a “hold” rating in a report on Sunday, August 12th. LADENBURG THALM/SH SH raised HighPoint Resources from a “neutral” rating to a “buy” rating in a report on Monday, June 25th. ValuEngine raised HighPoint Resources from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. assumed coverage on HighPoint Resources in a report on Thursday, April 26th. They issued an “overweight” rating and a $10.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. HighPoint Resources presently has a consensus rating of “Buy” and an average target price of $8.50.

In other HighPoint Resources news, SVP Kenneth A. Wonstolen purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were bought at an average price of $4.74 per share, for a total transaction of $47,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its stake in shares of HighPoint Resources by 25.8% in the 2nd quarter. Millennium Management LLC now owns 506,747 shares of the company’s stock valued at $3,081,000 after purchasing an additional 103,939 shares during the last quarter. Paloma Partners Management Co increased its stake in shares of HighPoint Resources by 315.8% in the 2nd quarter. Paloma Partners Management Co now owns 135,885 shares of the company’s stock valued at $826,000 after purchasing an additional 103,203 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of HighPoint Resources by 14.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 132,208 shares of the company’s stock valued at $804,000 after purchasing an additional 16,192 shares during the last quarter. Bank of America Corp DE increased its stake in shares of HighPoint Resources by 183.2% in the 2nd quarter. Bank of America Corp DE now owns 578,833 shares of the company’s stock valued at $3,518,000 after purchasing an additional 374,418 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC increased its stake in shares of HighPoint Resources by 25.0% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 500,000 shares of the company’s stock valued at $3,040,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors own 97.17% of the company’s stock.

NYSE HPR traded up $0.07 during midday trading on Wednesday, hitting $4.93. The company had a trading volume of 1,863,832 shares, compared to its average volume of 2,043,802. The stock has a market capitalization of $1.08 billion, a PE ratio of -12.97 and a beta of 3.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.66 and a quick ratio of 0.66. HighPoint Resources has a twelve month low of $2.66 and a twelve month high of $7.60.

About HighPoint Resources

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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