Imperial Capital set a $9.00 price objective on HighPoint Resources (NYSE:HPR) in a research report sent to investors on Thursday, September 20th. The firm 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.
A number of other research analysts have also recently issued reports on the stock. Seaport Global Securities raised shares of HighPoint Resources from a neutral rating to a buy rating and set a $9.00 target price for the company in a report on Friday, September 7th. LADENBURG THALM/SH SH raised shares of HighPoint Resources from a neutral rating to a buy rating in a research note on Monday, June 25th. Finally, BMO Capital Markets set a $6.00 price objective on shares of HighPoint Resources and gave the stock a hold rating in a research note on Sunday, August 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. HighPoint Resources presently has a consensus rating of Buy and a consensus price target of $8.67.
NYSE:HPR traded up $0.07 during mid-day trading on Thursday, reaching $4.55. The stock had a trading volume of 2,779,400 shares, compared to its average volume of 1,991,824. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.04 billion, a P/E ratio of -11.97 and a beta of 3.26. HighPoint Resources has a twelve month low of $4.15 and a twelve month high of $7.60.
HighPoint Resources (NYSE:HPR) last issued its earnings results on Wednesday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter. HighPoint Resources had a negative net margin of 52.13% and a negative return on equity of 1.73%. The company had revenue of $110.40 million during the quarter, compared to analysts’ expectations of $103.42 million. The firm’s revenue was up 116.2% compared to the same quarter last year. Analysts expect that HighPoint Resources will post 0.1 EPS for the current year.
In other news, SVP Kenneth A. Wonstolen bought 10,000 shares of the stock in a transaction on Thursday, August 16th. The stock was purchased at an average cost of $4.74 per share, with a total value of $47,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Paul W. Geiger III bought 20,000 shares of the stock in a transaction on Monday, August 20th. The stock was purchased at an average cost of $4.90 per share, with a total value of $98,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 80,000 shares of company stock valued at $398,400 over the last ninety days. 2.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Penn Capital Management Co. Inc. acquired a new position in shares of HighPoint Resources in the 2nd quarter valued at $100,000. SG Americas Securities LLC acquired a new position in shares of HighPoint Resources in the 1st quarter valued at $102,000. Fox Run Management L.L.C. acquired a new position in shares of HighPoint Resources during the 2nd quarter valued at $128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of HighPoint Resources during the 2nd quarter valued at $128,000. Finally, United Services Automobile Association lifted its holdings in shares of HighPoint Resources by 97.6% during the 2nd quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock valued at $128,000 after acquiring an additional 10,414 shares in the last quarter. Institutional investors own 96.21% of the company’s stock.
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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