HighPoint Resources Corp (NYSE:HPR)’s stock price shot up 1.5% on Wednesday . The company traded as high as $1.36 and last traded at $1.38, 32,144 shares traded hands during trading. A decline of 96% from the average session volume of 785,366 shares. The stock had previously closed at $1.36.

A number of brokerages recently issued reports on HPR. ValuEngine upgraded HighPoint Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. LADENBURG THALM/SH SH lowered shares of 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. Finally, Zacks Investment Research downgraded shares of HighPoint Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.15.

The firm has a market cap of $310.14 million, a P/E ratio of -48.67 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. The company’s 50-day moving average is $1.20 and its two-hundred day moving average is $1.95.

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

Hedge funds have recently bought and sold shares of the company. Boston Partners boosted its position in shares of HighPoint Resources by 13.4% during the second quarter. Boston Partners now owns 5,117,301 shares of the company’s stock valued at $9,313,000 after buying an additional 605,607 shares during the last quarter. Royal Bank of Canada grew its holdings in HighPoint Resources by 133.6% during the second quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock worth $34,000 after buying an additional 10,872 shares in the last quarter. Walleye Trading LLC bought a new stake in HighPoint Resources during the second quarter worth $54,000. United Services Automobile Association raised its position in HighPoint Resources by 37.4% in the 2nd quarter. United Services Automobile Association now owns 66,052 shares of the company’s stock valued at $120,000 after buying an additional 17,981 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in HighPoint Resources by 228.0% in the 2nd quarter. Susquehanna International Group LLP now owns 59,374 shares of the company’s stock valued at $108,000 after buying an additional 41,274 shares during the last quarter. Institutional investors own 96.33% of the company’s stock.

About HighPoint Resources (NYSE:HPR)

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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