Huber Capital Management LLC decreased its holdings in shares of HighPoint Resources Corp (NYSE:HPR) by 48.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,575,389 shares of the company’s stock after selling 3,416,992 shares during the period. HighPoint Resources makes up approximately 1.4% of Huber Capital Management LLC’s holdings, making the stock its 25th largest position. Huber Capital Management LLC owned approximately 1.69% of HighPoint Resources worth $21,738,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in HPR. New York State Teachers Retirement System acquired a new stake in shares of HighPoint Resources during the first quarter worth about $442,000. SG Americas Securities LLC acquired a new stake in shares of HighPoint Resources during the first quarter worth about $102,000. State of Tennessee Treasury Department acquired a new stake in HighPoint Resources in the first quarter valued at about $355,000. Principal Financial Group Inc. acquired a new stake in HighPoint Resources in the first quarter valued at about $3,896,000. Finally, Bank of Montreal Can acquired a new stake in HighPoint Resources in the second quarter valued at about $3,323,000. Institutional investors and hedge funds own 96.25% of the company’s stock.
In related news, SVP Kenneth A. Wonstolen bought 10,000 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was bought at an average cost of $4.74 per share, with a total value of $47,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Starzer bought 50,000 shares of the company’s stock in a transaction on Friday, August 17th. The stock was bought at an average cost of $5.06 per share, with a total value of $253,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 80,000 shares of company stock valued at $398,400. 2.70% of the stock is owned by insiders.
NYSE:HPR traded down $0.08 during mid-day trading on Wednesday, reaching $5.34. The stock had a trading volume of 5,712 shares, compared to its average volume of 2,176,836. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.17 billion, a P/E ratio of -14.26 and a beta of 3.30. HighPoint Resources Corp has a twelve month low of $2.94 and a twelve month high of $7.60.
HighPoint Resources (NYSE:HPR) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $110.40 million during the quarter, compared to analyst estimates of $103.42 million. HighPoint Resources had a negative net margin of 52.13% and a negative return on equity of 1.73%. The business’s quarterly revenue was up 116.2% compared to the same quarter last year. analysts expect that HighPoint Resources Corp will post 0.11 EPS for the current year.
HPR has been the subject of a number of recent analyst reports. TheStreet upgraded shares of HighPoint Resources from a “d” rating to a “c-” rating in a research report on Wednesday, May 16th. LADENBURG THALM/SH SH upgraded shares of HighPoint Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 25th. Finally, BMO Capital Markets set a $6.00 price objective on shares of HighPoint Resources and gave the company a “hold” rating in a research report on Sunday, August 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. HighPoint Resources presently has an average rating of “Buy” and an average target price of $8.50.
HighPoint Resources Profile
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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