HighPoint Resources Corp Forecasted to Post FY2021 Earnings of ($0.25) Per Share (NYSE:HPR)

HighPoint Resources Corp (NYSE:HPR) – Equities research analysts at SunTrust Banks issued their FY2021 earnings per share estimates for shares of HighPoint Resources in a report released on Tuesday, August 6th. SunTrust Banks analyst W. Fitzpatrick forecasts that the company will earn ($0.25) per share for the year.

Several other research analysts have also commented on HPR. ValuEngine raised shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of HighPoint Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.38.

NYSE HPR opened at $1.13 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s fifty day moving average price is $1.53. The stock has a market capitalization of $220.17 million, a price-to-earnings ratio of -37.67 and a beta of 3.09. HighPoint Resources has a 52 week low of $0.91 and a 52 week high of $6.10.

HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $107.58 million during the quarter, compared to analyst estimates of $108.00 million. HighPoint Resources had a net margin of 20.14% and a negative return on equity of 2.00%. HighPoint Resources’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of HPR. Marshall Wace North America L.P. bought a new stake in shares of HighPoint Resources in the first quarter valued at about $25,000. Eidelman Virant Capital bought a new stake in shares of HighPoint Resources in the second quarter valued at about $36,000. Deltec Asset Management LLC raised its holdings in shares of HighPoint Resources by 100.0% in the first quarter. Deltec Asset Management LLC now owns 20,000 shares of the company’s stock valued at $44,000 after acquiring an additional 10,000 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of HighPoint Resources in the second quarter valued at about $49,000. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of HighPoint Resources in the first quarter valued at about $50,000. 97.94% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Paul W. Geiger III bought 29,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $1.92 per share, with a total value of $55,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Starzer bought 50,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of $2.04 per share, with a total value of $102,000.00. The disclosure for this purchase can be found here. Insiders have bought 154,000 shares of company stock valued at $298,530 over the last three months. Insiders own 1.00% of the company’s stock.

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

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