HighPoint Resources (HPR) Sees Strong Trading Volume

Shares of HighPoint Resources Corp (NYSE:HPR) saw strong trading volume on Friday . 9,453,819 shares were traded during mid-day trading, an increase of 451% from the previous session’s volume of 1,715,557 shares.The stock last traded at $2.35 and had previously closed at $2.30.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded HighPoint Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 7th. MKM Partners set a $5.00 target price on HighPoint Resources and gave the company a “buy” rating in a research note on Thursday, March 7th. TheStreet upgraded HighPoint Resources from a “d+” rating to a “c-” rating in a research note on Monday, December 3rd. Ifs Securities restated an “outperform” rating on shares of HighPoint Resources in a research note on Sunday, February 3rd. Finally, JPMorgan Chase & Co. cut HighPoint Resources from an “overweight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.03.

The company has a market capitalization of $488.83 million, a PE ratio of -78.33 and a beta of 3.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.76 and a quick ratio of 0.76.

HighPoint Resources (NYSE:HPR) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). HighPoint Resources had a negative return on equity of 0.52% and a net margin of 26.76%. The company had revenue of $130.68 million for the quarter, compared to the consensus estimate of $134.84 million. The company’s quarterly revenue was up 56.7% on a year-over-year basis. On average, equities analysts expect that HighPoint Resources Corp will post 0.19 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Deltec Asset Management LLC bought a new stake in HighPoint Resources in the 4th quarter valued at $25,000. PEAK6 Investments LLC bought a new stake in HighPoint Resources in the 4th quarter valued at $34,000. Magnus Financial Group LLC bought a new stake in HighPoint Resources in the 4th quarter valued at $61,000. First Citizens Bank & Trust Co. raised its stake in HighPoint Resources by 44.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 28,530 shares of the company’s stock valued at $71,000 after acquiring an additional 8,797 shares during the period. Finally, FMR LLC bought a new stake in HighPoint Resources in the 4th quarter valued at $74,000. Institutional investors own 99.95% of the company’s stock.

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About HighPoint Resources (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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