Shares of HighPoint Resources Corp (NYSE:HPR) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.43.

HPR has been the subject of several analyst reports. MKM Partners set a $5.00 price objective on HighPoint Resources and gave the company a “buy” rating in a report on Thursday, March 7th. Ifs Securities reaffirmed an “outperform” rating on shares of HighPoint Resources in a report on Sunday, February 3rd. Zacks Investment Research raised HighPoint Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, February 7th. JPMorgan Chase & Co. cut HighPoint Resources from an “overweight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a report on Friday, December 7th. Finally, TheStreet raised HighPoint Resources from a “d+” rating to a “c-” rating in a report on Monday, December 3rd.

A number of hedge funds and other institutional investors have recently made changes to their positions in HPR. Deltec Asset Management LLC acquired a new position in shares of HighPoint Resources during the 4th quarter worth $25,000. PEAK6 Investments LLC acquired a new position in shares of HighPoint Resources during the 4th quarter worth $34,000. Oregon Public Employees Retirement Fund acquired a new position in shares of HighPoint Resources during the 4th quarter worth $42,000. Magnus Financial Group LLC acquired a new position in shares of HighPoint Resources during the 4th quarter worth $61,000. Finally, First Citizens Bank & Trust Co. raised its holdings in shares of HighPoint Resources by 44.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 28,530 shares of the company’s stock worth $71,000 after buying an additional 8,797 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

HPR opened at $2.30 on Friday. The firm has a market capitalization of $495.20 million, a P/E ratio of -76.67 and a beta of 3.19. HighPoint Resources has a 1 year low of $2.06 and a 1 year high of $7.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51.

HighPoint Resources (NYSE:HPR) last released its quarterly earnings results on Tuesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The firm had revenue of $130.68 million during the quarter, compared to the consensus estimate of $134.84 million. HighPoint Resources had a net margin of 26.76% and a negative return on equity of 0.52%. The business’s revenue was up 56.7% on a year-over-year basis. On average, research analysts expect that HighPoint Resources will post 0.19 EPS for the current fiscal year.

HighPoint Resources Company Profile

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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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