Wall Street brokerages expect HighPoint Resources Corp (NYSE:HPR) to announce sales of $117.41 million for the current quarter, Zacks reports. Five analysts have issued estimates for HighPoint Resources’ earnings. The highest sales estimate is $130.00 million and the lowest is $111.33 million. HighPoint Resources posted sales of $110.40 million in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that HighPoint Resources will report full year sales of $510.81 million for the current fiscal year, with estimates ranging from $494.33 million to $526.00 million. For the next financial year, analysts anticipate that the business will post sales of $608.24 million, with estimates ranging from $587.80 million to $638.89 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow HighPoint Resources.
HighPoint Resources (NYSE:HPR) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). HighPoint Resources had a negative return on equity of 0.95% and a net margin of 10.53%. The business had revenue of $101.98 million during the quarter, compared to analyst estimates of $109.28 million. During the same period last year, the company earned ($0.05) EPS. The business’s revenue for the quarter was up 26.2% on a year-over-year basis.
Several research analysts recently issued reports on HPR shares. MKM Partners dropped their price target on shares of HighPoint Resources from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. Ifs Securities reissued an “outperform” rating on shares of HighPoint Resources in a research report on Sunday, February 3rd. Zacks Investment Research raised shares of HighPoint Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, ValuEngine raised shares of HighPoint Resources from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given 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 traded down $0.01 during mid-day trading on Monday, hitting $2.04. The company’s stock had a trading volume of 1,617,042 shares, compared to its average volume of 1,501,815. HighPoint Resources has a fifty-two week low of $1.92 and a fifty-two week high of $7.25. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $491.65 million, a PE ratio of -68.00 and a beta of 3.23.
In other news, Director Michael R. Starzer acquired 50,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $2.04 per share, with a total value of $102,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Deltec Asset Management LLC acquired a new stake in shares of HighPoint Resources during the fourth quarter worth approximately $25,000. Marshall Wace North America L.P. acquired a new stake in shares of HighPoint Resources during the first quarter worth approximately $25,000. PEAK6 Investments LLC acquired a new stake in shares of HighPoint Resources during the fourth quarter worth approximately $34,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of HighPoint Resources during the fourth quarter worth approximately $42,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in shares of HighPoint Resources during the first quarter worth approximately $50,000. 98.98% of the stock is owned by institutional investors.
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.
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