HighPoint Resources Corp (NYSE:HPR) Expected to Announce Earnings of -$0.04 Per Share

Wall Street analysts expect that HighPoint Resources Corp (NYSE:HPR) will report earnings of ($0.04) per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for HighPoint Resources’ earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.06). HighPoint Resources posted earnings of $0.01 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 500%. The firm is expected to announce its next earnings report on Wednesday, October 30th.

On average, analysts expect that HighPoint Resources will report full-year earnings of ($0.19) per share for the current year, with EPS estimates ranging from ($0.22) to ($0.14). For the next financial year, analysts forecast that the firm will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.19) to $0.22. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover HighPoint Resources.

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

A number of brokerages have recently issued reports on HPR. ValuEngine upgraded shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of HighPoint Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. HighPoint Resources currently has a consensus rating of “Hold” and an average price target of $6.45.

Shares of NYSE HPR traded down $0.01 during midday trading on Friday, reaching $1.20. The stock had a trading volume of 403,447 shares, compared to its average volume of 1,258,985. The firm has a market cap of $260.94 million, a price-to-earnings ratio of -40.00 and a beta of 3.09. HighPoint Resources has a twelve month low of $0.91 and a twelve month high of $5.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.43 and a current ratio of 0.43. The company’s 50 day moving average price is $1.36 and its 200 day moving average price is $2.08.

In related news, SVP Kenneth A. Wonstolen acquired 15,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $1.88 per share, for a total transaction of $28,200.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Paul W. Geiger III acquired 30,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $1.88 per share, with a total value of $56,400.00. The disclosure for this purchase can be found here. Insiders bought a total of 129,000 shares of company stock valued at $219,980 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. bought a new stake in HighPoint Resources during the 1st quarter valued at $25,000. Royal Bank of Canada increased its stake in HighPoint Resources by 133.6% during the 2nd quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock valued at $34,000 after purchasing an additional 10,872 shares in the last quarter. Eidelman Virant Capital bought a new stake in HighPoint Resources during the 2nd quarter valued at $36,000. Prospera Financial Services Inc bought a new stake in HighPoint Resources during the 2nd quarter valued at $37,000. Finally, Deltec Asset Management LLC increased its stake in HighPoint Resources by 100.0% during the 1st 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. Institutional investors and hedge funds own 97.77% of the company’s stock.

HighPoint Resources Company Profile

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.

See Also: Average Daily Trade Volume – What You Need to Know

Get a free copy of the Zacks research report on HighPoint Resources (HPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.