Seaport Global Securities upgraded shares of HighPoint Resources (NYSE:HPR) from a neutral rating to a buy rating in a research note published on Friday morning, MarketBeat.com reports. The firm currently has $9.00 target price on the stock.
Other equities analysts have also recently issued research reports about the stock. 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. TheStreet upgraded shares of HighPoint Resources from a d rating to a c- rating in a research note on Wednesday, May 16th. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $8.60.
Shares of NYSE:HPR traded up $0.02 during trading on Friday, hitting $5.25. The company’s stock had a trading volume of 1,323,435 shares, compared to its average volume of 1,798,897. HighPoint Resources has a 12 month low of $2.94 and a 12 month high of $7.60. 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 stock has a market capitalization of $1.11 billion, a PE ratio of -13.82 and a beta of 3.29.
HighPoint Resources (NYSE:HPR) last issued its quarterly earnings data on Wednesday, August 8th. The company reported ($0.02) earnings per share 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 during the quarter, compared to the consensus estimate of $103.42 million. The company’s revenue was up 116.2% on a year-over-year basis. analysts expect that HighPoint Resources will post 0.11 earnings per share for the current fiscal year.
In other news, COO Paul W. Geiger III bought 20,000 shares of HighPoint Resources stock in a transaction that occurred on Monday, August 20th. The stock was bought at an average cost of $4.90 per share, with a total value of $98,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kenneth A. Wonstolen bought 10,000 shares of HighPoint Resources stock in a transaction that occurred on Thursday, August 16th. The stock was purchased at an average cost of $4.74 per share, with a total value of $47,400.00. 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 three months. 2.70% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Penn Capital Management Co. Inc. purchased a new stake in HighPoint Resources in the 2nd quarter worth approximately $100,000. SG Americas Securities LLC purchased a new stake in HighPoint Resources in the 1st quarter worth approximately $102,000. Fox Run Management L.L.C. purchased a new stake in HighPoint Resources in the 2nd quarter worth approximately $128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in HighPoint Resources in the 2nd quarter worth approximately $128,000. Finally, United Services Automobile Association increased its holdings in HighPoint Resources by 97.6% in the 2nd quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock worth $128,000 after acquiring an additional 10,414 shares in the last quarter. 96.25% of the stock is owned by institutional investors.
About HighPoint Resources
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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