HighPoint Resources Corp (NYSE:HPR) Receives $6.80 Consensus Target Price from Analysts

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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.

A number of institutional investors and hedge funds have recently made changes to their positions in HPR. Divisar Capital Management LLC boosted its holdings in shares of HighPoint Resources by 25.6% in the second quarter. Divisar Capital Management LLC now owns 9,280,799 shares of the company’s stock valued at $16,891,000 after acquiring an additional 1,888,880 shares during the period. Quantum Capital Management boosted its holdings in shares of HighPoint Resources by 1,314.4% in the first quarter. Quantum Capital Management now owns 1,292,565 shares of the company’s stock valued at $2,857,000 after acquiring an additional 1,201,176 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of HighPoint Resources by 13.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,953,492 shares of the company’s stock valued at $24,784,000 after acquiring an additional 1,186,636 shares during the period. Russell Investments Group Ltd. raised its stake in shares of HighPoint Resources by 13.4% during the second quarter. Russell Investments Group Ltd. now owns 10,027,128 shares of the company’s stock worth $18,252,000 after purchasing an additional 1,185,239 shares during the last quarter. Finally, Keeley Teton Advisors LLC raised its stake in shares of HighPoint Resources by 67.7% during the first quarter. Keeley Teton Advisors LLC now owns 2,931,672 shares of the company’s stock worth $6,479,000 after purchasing an additional 1,183,092 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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