Analysts expect HighPoint Resources Corp (NYSE:HPR) to announce sales of $128.67 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for HighPoint Resources’ earnings, with the lowest sales estimate coming in at $125.00 million and the highest estimate coming in at $135.90 million. HighPoint Resources reported sales of $131.13 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The business is expected to report its next earnings report on Wednesday, October 30th.
On average, analysts expect that HighPoint Resources will report full year sales of $484.34 million for the current financial year, with estimates ranging from $471.00 million to $502.40 million. For the next year, analysts expect that the company will report sales of $590.06 million, with estimates ranging from $547.00 million to $638.61 million. Zacks’ sales averages are an average based on a survey of analysts that follow HighPoint Resources.
HighPoint Resources (NYSE:HPR) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $107.58 million during the quarter, compared to analyst estimates of $108.00 million. HighPoint Resources had a negative return on equity of 2.00% and a net margin of 20.14%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the company earned ($0.02) EPS.
A number of equities research analysts recently issued reports on the company. ValuEngine raised HighPoint Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered 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, one has issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.45.
In other news, SVP Kenneth A. Wonstolen bought 15,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $1.88 per share, with a total value 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 bought 30,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $1.88 per share, with a total value of $56,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 129,000 shares of company stock valued at $219,980. 1.00% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Stifel Financial Corp acquired a new stake in shares of HighPoint Resources in the fourth quarter valued at $84,000. Geode Capital Management LLC raised its stake in HighPoint Resources by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 1,168,149 shares of the company’s stock valued at $2,908,000 after buying an additional 155,267 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in HighPoint Resources by 365.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 36,117 shares of the company’s stock valued at $90,000 after buying an additional 28,352 shares in the last quarter. Millennium Management LLC acquired a new stake in HighPoint Resources in the fourth quarter valued at $927,000. Finally, FMR LLC acquired a new stake in HighPoint Resources in the fourth quarter valued at $74,000. Institutional investors and hedge funds own 97.77% of the company’s stock.
Shares of NYSE:HPR traded down $0.06 during trading on Tuesday, hitting $1.15. The company had a trading volume of 1,124,424 shares, compared to its average volume of 1,173,617. The stock has a market cap of $258.80 million, a price-to-earnings ratio of -38.33 and a beta of 3.09. HighPoint Resources has a one year low of $0.91 and a one year high of $5.67. The company has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $2.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.43 and a quick ratio of 0.43.
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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