Shares of HighPoint Resources Corp (NYSE:HPR) have been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.00.

A number of research firms recently commented on HPR. Zacks Investment Research lowered HighPoint Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 25th. ValuEngine raised HighPoint Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

In other news, COO Paul W. Geiger III acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $1.88 per share, for a total transaction of $56,400.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kenneth A. Wonstolen acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $1.88 per share, for a total transaction of $28,200.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 179,000 shares of company stock worth $321,980. 1.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in HPR. Dimensional Fund Advisors LP raised its holdings in shares of HighPoint Resources by 13.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,953,492 shares of the company’s stock valued at $24,784,000 after buying an additional 1,186,636 shares during the period. American International Group Inc. increased its holdings in HighPoint Resources by 219.7% during the 1st quarter. American International Group Inc. now owns 270,479 shares of the company’s stock worth $598,000 after purchasing an additional 185,870 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in HighPoint Resources by 5.9% during the 1st quarter. Pinnacle Associates Ltd. now owns 3,846,990 shares of the company’s stock worth $8,502,000 after purchasing an additional 214,175 shares during the last quarter. Squarepoint Ops LLC increased its holdings in HighPoint Resources by 222.5% during the 4th quarter. Squarepoint Ops LLC now owns 56,251 shares of the company’s stock worth $140,000 after purchasing an additional 38,808 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in HighPoint Resources by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 1,168,149 shares of the company’s stock worth $2,908,000 after purchasing an additional 155,267 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

HPR opened at $1.19 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $254.52 million, a price-to-earnings ratio of -39.67 and a beta of 3.09. HighPoint Resources has a 52 week low of $0.91 and a 52 week high of $5.67. The firm’s fifty day moving average is $1.45.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $107.58 million for the quarter, compared to analyst estimates of $108.00 million. HighPoint Resources had a negative return on equity of 2.00% and a net margin of 20.14%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) earnings per share. On average, research analysts forecast that HighPoint Resources will post -0.21 earnings per share 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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