Shares of HighPoint Resources Corp (NYSE:HPR) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.00.
A number of brokerages have recently commented on HPR. ValuEngine raised HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded HighPoint Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 25th.
In other HighPoint Resources news, Director Michael R. Starzer purchased 50,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of $2.04 per share, with a total value of $102,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Paul W. Geiger III purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of $1.88 per share, with a total value of $56,400.00. The disclosure for this purchase can be found here. Insiders purchased 179,000 shares of company stock valued at $321,980 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.
Shares of HighPoint Resources stock opened at $1.19 on Monday. HighPoint Resources has a one year low of $0.91 and a one year high of $5.67. The firm has a market capitalization of $254.52 million, a P/E ratio of -39.67 and a beta of 3.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day moving average is $1.45.
HighPoint Resources (NYSE:HPR) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.07) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.07). HighPoint Resources had a negative return on equity of 2.00% and a net margin of 20.14%. The business had revenue of $107.58 million during the quarter, compared to the consensus estimate of $108.00 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts forecast that HighPoint Resources will post -0.21 EPS for the current year.
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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