Shares of HighPoint Resources Corp (NYSE:HPR) were down 5.6% during trading on Friday . The company traded as low as $3.03 and last traded at $3.05. Approximately 1,365,767 shares traded hands during trading, a decline of 33% from the average daily volume of 2,030,658 shares. The stock had previously closed at $3.23.
A number of analysts recently commented on HPR shares. MKM Partners started coverage on shares of HighPoint Resources in a report on Wednesday, December 5th. They set a “buy” rating and a $9.00 price objective on the stock. ValuEngine downgraded shares of HighPoint Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of HighPoint Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. TheStreet downgraded shares of HighPoint Resources from a “c-” rating to a “d+” rating in a report on Monday, October 29th. Finally, JPMorgan Chase & Co. downgraded shares of HighPoint Resources from an “overweight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Friday, December 7th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. HighPoint Resources currently has a consensus rating of “Hold” and a consensus price target of $7.53.
The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $664.95 million, a PE ratio of -8.03 and a beta of 3.09.
In other news, Director Lori A. Lancaster acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was acquired at an average price of $2.62 per share, with a total value of $26,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Troy L. Schindler acquired 125,000 shares of the business’s stock in a transaction dated Monday, December 10th. The stock was purchased at an average cost of $2.88 per share, with a total value of $360,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 175,000 shares of company stock valued at $515,100. 2.70% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. United Services Automobile Association raised its position in shares of HighPoint Resources by 97.6% in the second quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock valued at $128,000 after buying an additional 10,414 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of HighPoint Resources in the second quarter valued at approximately $154,000. Penn Capital Management Co. Inc. raised its position in shares of HighPoint Resources by 84.2% in the third quarter. Penn Capital Management Co. Inc. now owns 30,170 shares of the company’s stock valued at $147,000 after buying an additional 13,787 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of HighPoint Resources by 13.1% in the fourth quarter. State of Alaska Department of Revenue now owns 36,864 shares of the company’s stock valued at $91,000 after buying an additional 4,260 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of HighPoint Resources by 103.2% in the second quarter. SG Americas Securities LLC now owns 40,725 shares of the company’s stock valued at $248,000 after buying an additional 20,680 shares during the last quarter. 98.13% of the stock is owned by institutional investors and hedge funds.
About HighPoint Resources (NYSE:HPR)
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.
Featured Story: Rule of 72
Receive News & Ratings for HighPoint Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HighPoint Resources and related companies with MarketBeat.com's FREE daily email newsletter.