HighPoint Resources Corp (NYSE:HPR) – Analysts at Imperial Capital raised their FY2019 earnings per share (EPS) estimates for HighPoint Resources in a research note issued to investors on Wednesday, November 6th. Imperial Capital analyst J. Wangler now forecasts that the company will post earnings per share of ($0.19) for the year, up from their prior estimate of ($0.26). Imperial Capital also issued estimates for HighPoint Resources’ Q4 2019 earnings at ($0.03) EPS, Q1 2020 earnings at ($0.02) EPS, Q2 2020 earnings at ($0.02) EPS, Q3 2020 earnings at ($0.03) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.09) EPS.

A number of other equities analysts have also weighed in on the company. Seaport Global Securities lowered HighPoint Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. LADENBURG THALM/SH SH lowered HighPoint Resources from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $4.00 to $2.50 in a research note on Monday, August 26th. Zacks Investment Research upgraded HighPoint Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, ValuEngine upgraded HighPoint Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.17.

Shares of NYSE HPR opened at $1.32 on Friday. The firm has a market capitalization of $284.47 million, a P/E ratio of -44.00 and a beta of 3.21. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $1.28 and its two-hundred day simple moving average is $1.60. HighPoint Resources has a twelve month low of $0.91 and a twelve month high of $4.63.

HighPoint Resources (NYSE:HPR) last announced its earnings results on Monday, November 4th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $121.28 million for the quarter, compared to analyst estimates of $126.52 million. HighPoint Resources had a negative return on equity of 2.78% and a net margin of 29.34%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS.

Several institutional investors have recently made changes to their positions in HPR. Russell Investments Group Ltd. increased its position in shares of HighPoint Resources by 41.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,160,786 shares of the company’s stock valued at $22,513,000 after purchasing an additional 4,133,658 shares during the last quarter. Divisar Capital Management LLC increased its position in shares of HighPoint Resources by 25.6% during the 2nd quarter. Divisar Capital Management LLC now owns 9,280,799 shares of the company’s stock valued at $16,891,000 after purchasing an additional 1,888,880 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of HighPoint Resources by 88.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,236,410 shares of the company’s stock valued at $4,137,000 after purchasing an additional 1,047,970 shares during the last quarter. BlackRock Inc. increased its position in shares of HighPoint Resources by 5.7% during the 2nd quarter. BlackRock Inc. now owns 16,849,300 shares of the company’s stock valued at $30,667,000 after purchasing an additional 901,976 shares during the last quarter. Finally, Boston Partners increased its position in shares of HighPoint Resources by 13.4% during the 2nd quarter. Boston Partners now owns 5,117,301 shares of the company’s stock valued at $9,313,000 after purchasing an additional 605,607 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

About HighPoint Resources

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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Earnings History and Estimates for HighPoint Resources (NYSE:HPR)

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