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.