HighPoint Resources Corp (NYSE:HPR) CFO William M. Crawford Acquires 7,500 Shares

HighPoint Resources Corp (NYSE:HPR) CFO William M. Crawford bought 7,500 shares of HighPoint Resources stock in a transaction dated Wednesday, June 12th. The shares were bought at an average cost of $1.65 per share, for a total transaction of $12,375.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE HPR traded down $0.10 during midday trading on Wednesday, reaching $1.61. 2,134,124 shares of the company’s stock traded hands, compared to its average volume of 1,483,048. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. HighPoint Resources Corp has a one year low of $1.57 and a one year high of $7.24. The company has a market cap of $391.18 million, a PE ratio of -53.67 and a beta of 3.30.

HighPoint Resources (NYSE:HPR) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). HighPoint Resources had a net margin of 10.53% and a negative return on equity of 0.95%. The business had revenue of $101.98 million for the quarter, compared to the consensus estimate of $109.28 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. HighPoint Resources’s revenue for the quarter was up 26.2% on a year-over-year basis. On average, analysts forecast that HighPoint Resources Corp will post -0.09 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new position in shares of HighPoint Resources during the first quarter valued at approximately $25,000. PEAK6 Investments LLC bought a new position in shares of HighPoint Resources during the fourth quarter valued at approximately $34,000. Oregon Public Employees Retirement Fund bought a new position in shares of HighPoint Resources during the fourth quarter valued at approximately $42,000. Deltec Asset Management LLC boosted its stake in shares of HighPoint Resources by 100.0% during the first quarter. Deltec Asset Management LLC now owns 20,000 shares of the company’s stock valued at $44,000 after purchasing an additional 10,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in shares of HighPoint Resources during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

A number of equities analysts have recently commented on HPR shares. MKM Partners set a $5.00 target price on shares of HighPoint Resources and gave the stock a “buy” rating in a research report on Thursday, March 7th. ValuEngine raised shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Zacks Investment Research lowered shares of HighPoint Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.38.

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About HighPoint Resources

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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