Shares of HighPoint Resources Corp (NYSE:HPR) have received an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.38.

HPR has been the topic of several recent analyst reports. LADENBURG THALM/SH SH lowered HighPoint Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $4.00 to $2.50 in a research note on Monday, August 26th. Zacks Investment Research cut HighPoint Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 25th. Finally, ValuEngine upgraded shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

NYSE:HPR traded up $0.05 during mid-day trading on Friday, hitting $1.41. The company’s stock had a trading volume of 1,102,700 shares, compared to its average volume of 1,348,362. The company has a market capitalization of $310.14 million, a price-to-earnings ratio of -47.00 and a beta of 3.13. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.69. HighPoint Resources has a fifty-two week low of $0.91 and a fifty-two week high of $5.55. The stock has a fifty day moving average of $1.20 and a 200-day moving average of $1.94.

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

Several large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new position in shares of HighPoint Resources in the 1st quarter worth approximately $25,000. Prospera Financial Services Inc acquired a new stake in HighPoint Resources during the 2nd quarter valued at $37,000. Royal Bank of Canada increased its holdings in HighPoint Resources by 133.6% during the 2nd quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock valued at $34,000 after purchasing an additional 10,872 shares in the last quarter. Eidelman Virant Capital acquired a new stake in HighPoint Resources during the 2nd quarter valued at $36,000. Finally, BNP Paribas Arbitrage SA bought a new position in HighPoint Resources in the 1st quarter valued at $50,000. Institutional investors own 96.33% of the company’s stock.

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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