TheStreet upgraded shares of HighPoint Resources (NYSE:HPR) from a d+ rating to a c- rating in a research report released on Monday morning.

A number of other equities analysts also recently issued reports on HPR. BMO Capital Markets set a $6.00 price objective on shares of HighPoint Resources and gave the stock a hold rating in a report on Sunday, August 12th. Seaport Global Securities raised shares of HighPoint Resources from a neutral rating to a buy rating and set a $9.00 price target on the stock in a report on Friday, September 7th. Imperial Capital set a $9.00 price target on shares of HighPoint Resources and gave the stock a buy rating in a report on Thursday, September 20th. Zacks Investment Research raised shares of HighPoint Resources from a hold rating to a buy rating and set a $4.25 price target on the stock in a report on Saturday, October 27th. Finally, ValuEngine downgraded shares of HighPoint Resources from a hold rating to a sell rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $8.16.

HPR opened at $3.11 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.62. The firm has a market cap of $709.57 million, a price-to-earnings ratio of -8.08 and a beta of 3.23. HighPoint Resources has a 1 year low of $3.03 and a 1 year high of $7.60.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $131.15 million for the quarter, compared to analysts’ expectations of $122.47 million. HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. HighPoint Resources’s revenue was up 93.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, analysts expect that HighPoint Resources will post 0.04 EPS for the current fiscal year.

In related news, SVP Troy L. Schindler purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The shares were bought at an average cost of $3.50 per share, with a total value of $35,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. United Services Automobile Association raised its stake in HighPoint Resources by 97.6% in the 2nd quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock valued at $128,000 after acquiring an additional 10,414 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in HighPoint Resources in the 2nd quarter valued at about $128,000. Teacher Retirement System of Texas bought a new stake in HighPoint Resources in the 2nd quarter valued at about $135,000. Penn Capital Management Co. Inc. raised its stake in HighPoint Resources by 84.2% in the 3rd quarter. Penn Capital Management Co. Inc. now owns 30,170 shares of the company’s stock valued at $147,000 after acquiring an additional 13,787 shares during the period. Finally, Stevens Capital Management LP bought a new stake in HighPoint Resources in the 2nd quarter valued at about $148,000. 98.17% of the stock is currently owned by institutional investors.

HighPoint Resources Company 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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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