$155.44 Million in Sales Expected for HighPoint Resources Corp (HPR) This Quarter

Equities analysts forecast that HighPoint Resources Corp (NYSE:HPR) will report sales of $155.44 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for HighPoint Resources’ earnings, with the lowest sales estimate coming in at $139.00 million and the highest estimate coming in at $186.10 million. HighPoint Resources posted sales of $83.37 million in the same quarter last year, which suggests a positive year-over-year growth rate of 86.4%. The firm is expected to issue its next earnings results on Tuesday, February 26th.

On average, analysts expect that HighPoint Resources will report full year sales of $467.41 million for the current year, with estimates ranging from $420.55 million to $508.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $869.64 million, with estimates ranging from $811.00 million to $973.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover HighPoint Resources.

HighPoint Resources (NYSE:HPR) last posted its quarterly 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). HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. The firm had revenue of $131.15 million for the quarter, compared to analyst estimates of $122.47 million. During the same quarter last year, the firm earned ($0.08) EPS. The company’s revenue was up 93.2% on a year-over-year basis.

Several research firms have commented on HPR. Zacks Investment Research cut shares of HighPoint Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. BMO Capital Markets set a $6.00 price target on shares of HighPoint Resources and gave the stock a “hold” rating in a report on Sunday, August 12th. 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. ValuEngine cut shares of HighPoint Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, TheStreet cut shares of HighPoint Resources from a “c-” rating to a “d+” rating in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. HighPoint Resources currently has a consensus rating of “Buy” and a consensus target price of $8.04.

Several institutional investors have recently modified their holdings of HPR. Pinnacle Associates Ltd. acquired a new position in shares of HighPoint Resources in the 2nd quarter valued at $16,569,000. Dimensional Fund Advisors LP boosted its holdings in shares of HighPoint Resources by 21.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,766,856 shares of the company’s stock valued at $42,782,000 after buying an additional 1,549,709 shares in the last quarter. Huber Capital Management LLC boosted its holdings in shares of HighPoint Resources by 39.2% in the 3rd quarter. Huber Capital Management LLC now owns 4,977,205 shares of the company’s stock valued at $24,289,000 after buying an additional 1,401,816 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of HighPoint Resources in the 2nd quarter valued at $8,409,000. Finally, BlackRock Inc. boosted its holdings in shares of HighPoint Resources by 9.1% in the 3rd quarter. BlackRock Inc. now owns 16,014,613 shares of the company’s stock valued at $78,150,000 after buying an additional 1,339,293 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

NYSE HPR traded down $0.27 on Friday, hitting $3.69. 920,800 shares of the stock were exchanged, compared to its average volume of 2,044,647. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.62. HighPoint Resources has a fifty-two week low of $3.45 and a fifty-two week high of $7.60. The stock has a market capitalization of $841.28 million, a PE ratio of -9.71 and a beta of 3.23.

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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