HighPoint Resources (HPR) Research Coverage Started at MKM Partners

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MKM Partners began coverage on shares of HighPoint Resources (NYSE:HPR) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $9.00 price objective on the stock.

Several other research analysts also recently commented on the company. ValuEngine downgraded HighPoint Resources from a hold rating to a sell rating in a report on Thursday, November 1st. TheStreet downgraded HighPoint Resources from a c- rating to a d+ rating in a report on Monday, October 29th. Seaport Global Securities raised HighPoint Resources from a neutral rating to a buy rating and set a $9.00 price objective on the stock in a report on Friday, September 7th. Imperial Capital set a $9.00 price objective on HighPoint Resources and gave the stock a buy rating in a report on Thursday, September 20th. Finally, BMO Capital Markets set a $6.00 price objective on HighPoint Resources and gave the stock a hold rating in a report on Sunday, August 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and an average price target of $7.53.

Shares of HPR opened at $3.01 on Wednesday. The company has a market capitalization of $660.70 million, a PE ratio of -7.92 and a beta of 3.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.48 and a current ratio of 0.48. HighPoint Resources has a one year low of $2.97 and a one year high of $7.60.

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

In other news, SVP Troy L. Schindler acquired 10,000 shares of HighPoint Resources stock in a transaction on Tuesday, November 27th. The shares were purchased at an average price of $3.50 per share, with a total value of $35,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of HPR. Pinnacle Associates Ltd. acquired a new position in HighPoint Resources during the 2nd quarter worth $16,569,000. Dimensional Fund Advisors LP lifted its holdings in HighPoint Resources by 21.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,766,856 shares of the company’s stock worth $42,782,000 after buying an additional 1,549,709 shares in the last quarter. Huber Capital Management LLC lifted its holdings in HighPoint Resources by 39.2% during the 3rd quarter. Huber Capital Management LLC now owns 4,977,205 shares of the company’s stock worth $24,289,000 after buying an additional 1,401,816 shares in the last quarter. BlackRock Inc. lifted its holdings in HighPoint Resources by 9.1% during the 3rd quarter. BlackRock Inc. now owns 16,014,613 shares of the company’s stock worth $78,150,000 after buying an additional 1,339,293 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new position in shares of HighPoint Resources in the 2nd quarter valued at $7,214,000. 98.17% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for HighPoint Resources (NYSE:HPR)

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