Shares of HighPoint Resources Corp (NYSE:HPR) have earned an average rating of “Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $8.67.
A number of analysts have commented on HPR shares. ValuEngine lowered HighPoint Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Zacks Investment Research lowered HighPoint Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. TheStreet lowered 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 for the company in a report on Friday, September 7th. 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.
HPR traded up $0.05 during midday trading on Friday, reaching $4.19. 1,298,873 shares of the company were exchanged, compared to its average volume of 2,051,915. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market capitalization of $871.02 million, a P/E ratio of -11.03 and a beta of 3.23. HighPoint Resources has a one year low of $3.45 and a one year high of $7.60.
In other HighPoint Resources news, COO Paul W. Geiger III bought 20,000 shares of HighPoint Resources stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Starzer bought 50,000 shares of HighPoint Resources stock in a transaction dated Friday, August 17th. The stock was acquired at an average cost of $5.06 per share, with a total value of $253,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HPR. Principal Financial Group Inc. bought a new position in shares of HighPoint Resources in the first quarter valued at approximately $3,896,000. Bank of Montreal Can bought a new position in shares of HighPoint Resources in the second quarter valued at approximately $3,323,000. Fox Run Management L.L.C. bought a new position in shares of HighPoint Resources in the second quarter valued at approximately $128,000. Acadian Asset Management LLC bought a new position in shares of HighPoint Resources in the second quarter valued at approximately $581,000. Finally, Northpointe Capital LLC bought a new position in shares of HighPoint Resources in the second quarter valued at approximately $8,409,000. 96.14% of the stock is 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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