HighPoint Resources (NYSE:HPR) Shares Down 10.4%

Shares of HighPoint Resources Corp (NYSE:HPR) dropped 10.4% during mid-day trading on Monday . The company traded as low as $1.11 and last traded at $1.12, approximately 690,066 shares traded hands during trading. A decline of 45% from the average daily volume of 1,262,771 shares. The stock had previously closed at $1.25.

HPR has been the topic of a number of research reports. Seaport Global Securities lowered shares of HighPoint Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. LADENBURG THALM/SH SH lowered shares of HighPoint Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $4.00 to $2.50 in a research report on Monday, August 26th. Finally, Zacks Investment Research upgraded shares of HighPoint Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.17.

The company has a debt-to-equity ratio of 0.70, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $256.80 million, a P/E ratio of -37.33 and a beta of 3.34. The stock’s 50 day moving average is $1.20 and its two-hundred day moving average is $1.47.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $121.28 million during the quarter, compared to the consensus estimate of $126.52 million. HighPoint Resources had a net margin of 29.34% and a negative return on equity of 2.78%. HighPoint Resources’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. As a group, equities research analysts expect that HighPoint Resources Corp will post -0.18 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. bought a new stake in shares of HighPoint Resources during the first quarter worth approximately $25,000. Prospera Financial Services Inc bought a new stake in shares of HighPoint Resources during the second quarter worth approximately $37,000. Royal Bank of Canada raised its stake in shares of 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 during the last quarter. Advisory Services Network LLC bought a new stake in shares of HighPoint Resources during the second quarter worth approximately $49,000. Finally, Walleye Trading LLC bought a new stake in shares of HighPoint Resources during the second quarter worth approximately $54,000. 94.12% of the stock is owned by institutional investors and hedge funds.

HighPoint Resources Company Profile (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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