Wall Street Doesn’t Hate HighPoint Resources Corporation (HPR) Anymore

Investors will get their next glimpse of HPR’s Q4 earnings on February 21. Analysts are forecasting revenue to climb 67.1 percent to $139M in the next fiscal quarter, while earnings are seen soaring by nearly 500 percent to $0.06 per share. History has shown that shares in HighPoint Resources Corporation have gone down on 3 different earnings reaction days and are predicted to add 0.1 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.01 per share, worse than the $0.02, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $131M, better than the $117M analysts expected. Earnings are estimated to increase by 41.5 percent this year, 16600 percent next year and continue to increase by 31 percent annually for the next 5 years.

HighPoint Resources Corporation (HPR) will probably climb 170.04 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $10 price as 12-month high target. This represents a whopping 289.11 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $5.82, which represents a return potential of 126.46 percent when compared to the closing price of the stock of $2.57 on Wednesday, February 13. The lowest price target for the stock is $4.5 — slightly more than 75.1 percent from HPR’s current share price.

The stock is currently hovering around the first support level of $2.46. Below this, the next support is placed in the zone of $2.34. Till the time, the HPR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 44.21 on daily chart, which may remain a cause for concern. If the price breaks below $2.34 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.68 mark may result into a pull-back move towards $2.78 level.

On 13th of February, HighPoint Resources Corporation (NYSE:HPR) shares ended higher after a volatile session. The shares accumulated 0.11 points or 4.47 percent at $2.57 with a light trade volume of 1.283 million shares. After opening the session at $2.45, the shares went as high as $2.67 and as low as $2.45, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $574 million and now has 223.39 million shares outstanding. HighPoint Resources Corporation (HPR) stock has lost -12.59 percent of market value in 21 trading days.

HPR stock has a trailing 3-year beta of 3.27, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$1.5 a share in the trailing twelve months. The stock’s value has surged 3.21 percent year to date (YTD) against a decline of -49.31 percent in 12 month’s time. The company’s shares still trade -66.18 percent away from its 1-year high of $7.60 and 24.76 percent up from 52-week low of $2.06. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of HighPoint Resources Corporation (HPR) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry HPR operates in has an average P/E of 14.33. Its P/E ratio went as low as 36.58X and as high as 1447.52 over the 5-year span. Further, it is sporting a 1.42 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.86. 84.3 percent is the gross profit margin for HighPoint Resources Corporation and operating margin sits at 6.7 percent. Along with this, the net profit margin is -44.1 percent.

Let’s take a look at some insider activity at HighPoint Resources Corporation (NYSE:HPR) and see the pattern. The earliest insider trade took place on 12/14/2018. Lancaster Lori A gathered a total of 10 thousand shares of company at average share price of $2.62. The total for the purchase was set at $26.2 thousand. After this transaction, the Director account balance stood at 18.82 thousand shares. The stock lost -6.11 percent since that insider purchase. On 12/10/2018, Schindler Troy L., SVP – Operations, purchased 125 thousand shares at a price per share of $2.88. This added 360 thousand shares to the insider’s fortune and the stock saw a -14.58 percent retreat in value since the news became public. This transaction left 394.56 thousand shares in the SVP – Operations account.

On 12/07/2018, COO Geiger Paul W Iii performed a purchase transaction worth $93.9 thousand. This purchase at $3.13 each has added 30 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -21.41 percent decrease since the transaction was reported. The insider now is left with 139.04 thousand shares remaining in the account. Schindler Troy L., who performs the SVP – Operations job, bought 15 thousand shares for $48.75 thousand. The acquisition occurred on 11/28/2018 was priced at $3.25 per share. The share price plunged -24.31 percent since the reporting date. Schindler Troy L. now left with a stake of 269.56 thousand HPR stock worth $692.76 thousand after the insider buying.