HighPoint Resources Corp (NYSE:HPR) traded down 7% during trading on Monday . The stock traded as low as $0.93 and last traded at $0.97, 642,036 shares traded hands during mid-day trading. A decline of 30% from the average session volume of 919,829 shares. The stock had previously closed at $1.04.
Several equities research analysts recently commented on the company. Zacks Investment Research cut HighPoint Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. ValuEngine cut HighPoint Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.00.
The stock has a market cap of $222.22 million, a P/E ratio of 1.51 and a beta of 3.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $1.22 and a 200-day simple moving average of $1.30.A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in HighPoint Resources by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,471,110 shares of the company’s stock worth $2,486,000 after purchasing an additional 47,416 shares during the period. Algert Global LLC bought a new stake in HighPoint Resources during the fourth quarter worth approximately $29,000. Zebra Capital Management LLC boosted its position in HighPoint Resources by 132.5% during the fourth quarter. Zebra Capital Management LLC now owns 30,537 shares of the company’s stock worth $52,000 after purchasing an additional 17,405 shares during the period. Jane Street Group LLC bought a new stake in HighPoint Resources during the fourth quarter worth approximately $52,000. Finally, Goldman Sachs Group Inc. boosted its position in HighPoint Resources by 203.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 177,376 shares of the company’s stock worth $300,000 after purchasing an additional 118,892 shares during the period. 94.55% of the stock is owned by hedge funds and other institutional investors.
HighPoint Resources Company Profile (NYSE:HPR)
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.