HighPoint Resources Corp (NYSE:HPR) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 19,988,530 shares, a growth of 20.9% from the October 31st total of 16,539,647 shares. Currently, 18.1% of the company’s shares are sold short. Based on an average trading volume of 3,308,211 shares, the days-to-cover ratio is presently 6.0 days.
Shares of HighPoint Resources stock opened at $3.26 on Monday. HighPoint Resources has a 1 year low of $3.20 and a 1 year high of $7.60. The stock has a market capitalization of $692.57 million, a price-to-earnings ratio of -8.58 and a beta of 3.23. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.62.
HighPoint Resources (NYSE:HPR) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). HighPoint Resources had a negative return on equity of 0.61% and a negative net margin of 44.13%. The business had revenue of $131.15 million during the quarter, compared to the consensus estimate of $122.47 million. During the same quarter last year, the company earned ($0.08) earnings per share. The firm’s revenue was up 93.2% compared to the same quarter last year. On average, research analysts predict that HighPoint Resources will post 0.04 EPS for the current fiscal year.
In other news, SVP Troy L. Schindler purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average price of $3.50 per share, with a total value of $35,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.
Several large investors have recently bought and sold shares of HPR. United Services Automobile Association grew its holdings in shares of HighPoint Resources by 97.6% during the second quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock worth $128,000 after buying an additional 10,414 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in HighPoint Resources in the second quarter valued at approximately $128,000. Teacher Retirement System of Texas bought a new position in HighPoint Resources in the second quarter valued at approximately $135,000. Penn Capital Management Co. Inc. grew its stake in HighPoint Resources by 84.2% in the third quarter. Penn Capital Management Co. Inc. now owns 30,170 shares of the company’s stock valued at $147,000 after purchasing an additional 13,787 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in HighPoint Resources in the second quarter valued at approximately $148,000. Institutional investors and hedge funds own 98.45% of the company’s stock.
HPR has been the topic of several research reports. ValuEngine lowered HighPoint Resources from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. TheStreet lowered HighPoint Resources from a “c-” rating to a “d+” rating in a research note on Monday, October 29th. Seaport Global Securities raised HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Friday, September 7th. Imperial Capital set a $9.00 price target on HighPoint Resources and gave the company a “buy” rating in a research note on Thursday, September 20th. Finally, BMO Capital Markets set a $6.00 target price on HighPoint Resources and gave the company a “hold” rating in a research note on Sunday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $8.04.
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About HighPoint Resources
HighPoint Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas resources in the United States. It primarily holds interests in the Northeast Wattenberg and Hereford fields of the Denver Julesburg basin located in the eastern plains of Colorado and parts of southeastern Wyoming.
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