HighPoint Resources Corp (NYSE:HPR) has been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $8.67.
Several research analysts recently weighed in on HPR shares. LADENBURG THALM/SH SH upgraded HighPoint Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 25th. Imperial Capital set a $9.00 price objective on HighPoint Resources and gave the company a “buy” rating in a research report on Thursday, September 20th. Seaport Global Securities upgraded HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Friday, September 7th. Finally, BMO Capital Markets set a $6.00 price objective on HighPoint Resources and gave the company a “hold” rating in a research report on Sunday, August 12th.
In other HighPoint Resources news, Director Michael R. Starzer acquired 50,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was acquired at an average cost of $5.06 per share, for a total transaction of $253,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Paul W. Geiger III purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were purchased at an average price of $4.90 per share, with a total value of $98,000.00. The disclosure for this purchase can be found here. Insiders bought 80,000 shares of company stock valued at $398,400 over the last 90 days. Company insiders own 2.70% of the company’s stock.
HPR stock traded up $0.06 during trading on Friday, hitting $4.88. 1,352,400 shares of the company traded hands, compared to its average volume of 1,992,529. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1.04 billion, a P/E ratio of -12.76 and a beta of 3.29. HighPoint Resources has a 1 year low of $4.05 and a 1 year high of $7.60.
HighPoint Resources (NYSE:HPR) last announced its quarterly earnings results on Wednesday, August 8th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $110.40 million for the quarter, compared to analysts’ expectations of $103.42 million. HighPoint Resources had a negative net margin of 52.13% and a negative return on equity of 1.73%. The company’s quarterly revenue was up 116.2% compared to the same quarter last year. research analysts predict that HighPoint Resources will post 0.1 earnings per share for the current fiscal year.
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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