HighPoint Resources Corp (NYSE:HPR)’s share price hit a new 52-week low on Friday . The company traded as low as $4.12 and last traded at $4.15, with a volume of 82682 shares. The stock had previously closed at $4.31.

HPR has been the subject of a number of recent research reports. LADENBURG THALM/SH SH upgraded shares of HighPoint Resources from a “neutral” rating to a “buy” rating in a research note on Monday, June 25th. Imperial Capital set a $9.00 price objective on shares of HighPoint Resources and gave the stock a “buy” rating in a research note on Thursday, September 20th. Seaport Global Securities upgraded shares of HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Friday, September 7th. Finally, BMO Capital Markets set a $6.00 price objective on shares of HighPoint Resources and gave the stock a “hold” rating in a research note on Sunday, August 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. HighPoint Resources currently has a consensus rating of “Buy” and an average target price of $8.67.

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $964.34 million, a P/E ratio of -10.87 and a beta of 3.26.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Wednesday, August 8th. The company reported ($0.02) EPS for the quarter. HighPoint Resources had a negative return on equity of 1.73% and a negative net margin of 52.13%. The business had revenue of $110.40 million for the quarter, compared to analyst estimates of $103.42 million. The business’s revenue for the quarter was up 116.2% on a year-over-year basis. On average, equities research analysts forecast that HighPoint Resources Corp will post 0.09 EPS for the current year.

In other news, SVP Kenneth A. Wonstolen bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was acquired at an average cost of $4.74 per share, for a total transaction of $47,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Starzer bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was purchased at an average price of $5.06 per share, with a total value of $253,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 80,000 shares of company stock valued at $398,400 over the last quarter. 2.70% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Paloma Partners Management Co lifted its stake in HighPoint Resources by 315.8% in the 2nd quarter. Paloma Partners Management Co now owns 135,885 shares of the company’s stock valued at $826,000 after purchasing an additional 103,203 shares during the last quarter. GSA Capital Partners LLP bought a new position in HighPoint Resources in the 2nd quarter valued at about $277,000. Cubist Systematic Strategies LLC raised its holdings in HighPoint Resources by 14.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 132,208 shares of the company’s stock valued at $804,000 after acquiring an additional 16,192 shares during the period. Pinnacle Associates Ltd. bought a new position in HighPoint Resources in the 2nd quarter valued at about $16,569,000. Finally, Acadian Asset Management LLC bought a new position in HighPoint Resources in the 2nd quarter valued at about $581,000. Institutional investors and hedge funds own 96.21% of the company’s stock.

About HighPoint Resources (NYSE:HPR)

HighPoint Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas resources in the United States. It primarily holds interests in the Northeast Wattenberg and Hereford fields of the Denver Julesburg basin located in the eastern plains of Colorado and parts of southeastern Wyoming.

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