Seaport Global Securities Equities Analysts Lower Earnings Estimates for HighPoint Resources Corp (HPR)

HighPoint Resources Corp (NYSE:HPR) – Stock analysts at Seaport Global Securities decreased their FY2018 EPS estimates for HighPoint Resources in a research report issued to clients and investors on Wednesday, October 31st. Seaport Global Securities analyst M. Kelly now expects that the company will earn $0.02 per share for the year, down from their previous forecast of $0.13. Seaport Global Securities currently has a “Buy” rating and a $9.00 target price on the stock. Seaport Global Securities also issued estimates for HighPoint Resources’ Q1 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.64 EPS.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of HighPoint Resources from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Saturday, October 27th. Imperial Capital set a $9.00 price objective on shares of HighPoint Resources and gave the stock a “buy” rating in a report on Thursday, September 20th. TheStreet downgraded shares of HighPoint Resources from a “c-” rating to a “d+” rating in a report on Monday, October 29th. BMO Capital Markets set a $6.00 price objective on shares of HighPoint Resources and gave the stock a “hold” rating in a report on Sunday, August 12th. Finally, ValuEngine downgraded shares of HighPoint Resources from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $8.04.

Shares of HPR opened at $4.36 on Monday. HighPoint Resources has a one year low of $3.45 and a one year high of $7.60. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.66 and a current ratio of 0.48.

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 firm had revenue of $131.15 million during the quarter, compared to the consensus estimate of $122.47 million. HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. The business’s revenue was up 93.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) EPS.

In related news, SVP Kenneth A. Wonstolen acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were bought at an average price of $4.74 per share, for a total transaction of $47,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Starzer acquired 50,000 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were bought at an average price of $5.06 per share, for a total transaction of $253,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 80,000 shares of company stock worth $398,400. Insiders own 2.70% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of HighPoint Resources by 7.0% during the 2nd quarter. BlackRock Inc. now owns 14,675,320 shares of the company’s stock valued at $89,225,000 after acquiring an additional 953,786 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of HighPoint Resources by 6.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,602,500 shares of the company’s stock valued at $58,383,000 after acquiring an additional 594,800 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of HighPoint Resources by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,217,147 shares of the company’s stock valued at $43,880,000 after acquiring an additional 547,531 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of HighPoint Resources by 13.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,832,155 shares of the company’s stock valued at $18,701,000 after acquiring an additional 454,827 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of HighPoint Resources during the 2nd quarter valued at about $16,569,000. Institutional investors own 96.07% of the company’s stock.

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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Earnings History and Estimates for HighPoint Resources (NYSE:HPR)

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