Equities analysts predict that HighPoint Resources Corp (NYSE:HPR) will post sales of $117.79 million for the current quarter, according to Zacks. Five analysts have issued estimates for HighPoint Resources’ earnings, with the highest sales estimate coming in at $130.00 million and the lowest estimate coming in at $111.33 million. HighPoint Resources posted sales of $110.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that HighPoint Resources will report full year sales of $510.77 million for the current financial year, with estimates ranging from $494.33 million to $526.00 million. For the next fiscal year, analysts expect that the business will report sales of $625.20 million, with estimates ranging from $587.80 million to $702.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover HighPoint Resources.
HighPoint Resources (NYSE:HPR) last announced its earnings results on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $101.98 million for the quarter, compared to the consensus estimate of $109.28 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year.
HPR has been the topic of a number of research analyst reports. MKM Partners reduced their price objective on shares of HighPoint Resources from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Ifs Securities restated an “outperform” rating on shares of HighPoint Resources in a report on Sunday, February 3rd. ValuEngine upgraded shares of HighPoint Resources from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research upgraded shares of HighPoint Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, February 7th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. HighPoint Resources currently has an average rating of “Hold” and a consensus price target of $6.38.
Shares of HPR opened at $2.19 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. HighPoint Resources has a fifty-two week low of $2.06 and a fifty-two week high of $7.25. The company has a market capitalization of $491.65 million, a PE ratio of -73.00 and a beta of 3.23.
Institutional investors have recently made changes to their positions in the stock. Quantum Capital Management boosted its stake in HighPoint Resources by 40.3% in the 4th quarter. Quantum Capital Management now owns 91,389 shares of the company’s stock worth $228,000 after purchasing an additional 26,256 shares in the last quarter. Teachers Advisors LLC boosted its stake in HighPoint Resources by 2.7% in the 3rd quarter. Teachers Advisors LLC now owns 483,631 shares of the company’s stock worth $2,360,000 after purchasing an additional 12,860 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in HighPoint Resources by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,621,013 shares of the company’s stock worth $12,791,000 after purchasing an additional 184,782 shares in the last quarter. LS Investment Advisors LLC boosted its stake in HighPoint Resources by 1,854.0% in the 4th quarter. LS Investment Advisors LLC now owns 53,657 shares of the company’s stock worth $134,000 after purchasing an additional 50,911 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in HighPoint Resources by 19.4% in the 3rd quarter. Legal & General Group Plc now owns 236,682 shares of the company’s stock worth $1,150,000 after purchasing an additional 38,471 shares in the last quarter. Institutional investors own 98.98% 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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