HighPoint Resources Corporation (NYSE: HPR) Not A Good Play Anymore?


After grabbing 2.95 million shares, the institutional investor is now in possession of 2.95 million shares of the Energy Company. The new investment brought the stake of investor firm to 1.37% having worth around $1.07 million. Moreover, Arrowstreet Capital LP increased its share by 1.7 million to have a control over 1.81 million shares. And Jane Street Capital LLC raised its holdings to 1.74 million shares by acquiring 1.74 million shares or 0.81% of the stake.

HighPoint Resources Corporation (HPR) concluded trading on 08/26/20 at a closing price of $0.33, with 2.17 million shares of worth about $0.72 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -10.91% during that period and on Wednesday the price saw a loss of about -4.11%. Currently the company’s common shares owned by public are about 211.90M shares, out of which, 111.29M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the HPR stock and their offered price forecasts bring an average price target of $0.59. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.03 and could fall to a lowest price of $0.25. Analysts also issued an outlook of 2.30 for the HighPoint Resources Corporation stock for next 12 months. However, touching the estimated high of $1.03 would mean a gain of 67.96% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 22 times over the past 12 months. They bought 2,174,159 shares in 12 of the transactions. In 10 selling transactions, insiders dumped 636,780 shares.

Vanguard Total Stock Market Index, DFA US Small Cap Value Portfolio, and Russell US Small Cap Equity Fund are the top 3 mutual funds which are holding stakes in HighPoint Resources Corporation Vanguard Total Stock Market Index is currently holding 3.03 million shares of worth totaling $1.09 million. The company recently came buying 0.0 shares which brought its stake up to 1.41% of the company’s outstanding shares. DFA US Small Cap Value Portfolio sold -1.23 million shares, after which its hold over company’s outstanding shares shrunk to 1.26%, leaving 2.71 million shares with the mutual fund that have a worth of about $0.98 million. Russell US Small Cap Equity Fund, after selling 1.71 million shares, have now control over 0.80% of the stake in the company. It holds -1.34 million shares of worth $0.62 million.

HighPoint Resources Corporation (NYSE: HPR) started trading at $0.3402, below -$0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.33, or with a loss of -4.11%. Stock saw a price change of -10.91% in past 5 days and over the past one month there was a price change of -7.26%. Year-to-date (YTD), HPR shares are showing a performance of -80.28% which decreased to -69.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.16 but also hit the highest price of $1.98 during that period. While comparing its average daily trading volume of 5.69 million shares, we see that about 2.17 million changed hands on the day. The stock is currently trading -12.81% below its 20-day simple moving average (SMA20), while that difference is down -6.42% for SMA50 and it goes to -51.40% lower than SMA200.

Millennium Management LLC acquired 2.95 million shares of HighPoint Resources Corporation having value of about $1.07 million. HighPoint Resources Corporation (NYSE: HPR) currently have 211.90M outstanding shares and institutions hold larger chunk of about 68.40% of that. Holding of mutual funds in the company is about 49.35% while other institutional holders and individual stake holders have control over 9.42% and 12.03% of the stake respectively.

The stock has a current market capitalization of $75.36M and its 3Y-monthly beta is at 4.44. It has posted earnings per share of -$5.30 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HPR, volatility over the week remained 6.88% while standing at 8.71% over the month.

Analysts are in expectations that HighPoint Resources Corporation (HPR) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter ESPS is $0.01 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is $0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -200.00%. EPS is likely to grow at an annualized rate of 31.00% for next 5-years, compared to annual growth of -32.30% made by the stock over the past 5-years.

Analysts at 4 brokerage firms have issued recommendations for the HighPoint Resources Corporation (HPR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 4 Wall Street analysts, 1 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by SunTrust on March 09, 2020 offering a Hold rating for the stock and assigned a target price of to it. Coverage by Imperial Capital stated HighPoint Resources Corporation (HPR) stock as an In-line in their note to investors on February 28, 2020, suggesting a price target of $1.50 for the stock. On October 10, 2019, Seaport Global Securities Downgrade their recommendations, while on August 26, 2019, Ladenburg Thalmann Downgrade their ratings for the stock with a price target of $2.50. Stock get an Underweight rating from JP Morgan on December 07, 2018.


Please enter your comment!
Please enter your name here