HighPoint Resources Corporation [HPR] is -77.86% lower this YTD. Is it still time to buy?

HighPoint Resources Corporation [NYSE: HPR] gained 6.28% on the last trading session, reaching $0.37 price per share at the time. The company report on August 3, 2020 that HighPoint Resources Reports Second Quarter 2020 Financial and Operating Results.

HighPoint Resources Corporation (“we”, “us”, the “Company” or “HighPoint”) (NYSE: HPR) today reported second quarter of 2020 financial and operating results, including total production and oil volumes above guidance and capital expenditures below guidance.

For the second quarter of 2020, the Company reported a net loss of $68 million, or $0.32 per diluted share. Adjusted net income for the second quarter of 2020 was $8 million, or $0.04 per diluted share. EBITDAX for the second quarter of 2020 was $54 million. Excluding non-recurring employee severance and other costs of approximately $4 million, reported EBITDAX would have been approximately $58 million. Adjusted net income (loss) and EBITDAX are non-GAAP (Generally Accepted Accounting Principles) measures. Reconciliations of non-GAAP measures, including adjusted net income and EBITDAX to GAAP net income can be found in the tables at the end of this release.

HighPoint Resources Corporation represents 211.90 million in outstanding shares, while the company has a total market value of $78.47 million with the latest information. HPR stock price has been found in the range of $0.365 to $0.3899.

If compared to the average trading volume of 5.61M shares, HPR reached a trading volume of 4732275 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about HighPoint Resources Corporation [HPR]:

SunTrust have made an estimate for HighPoint Resources Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 09, 2020. While these analysts kept the previous recommendation, Imperial Capital dropped their target price from $3 to $1.50. The new note on the price target was released on February 28, 2020, representing the official price target for HighPoint Resources Corporation stock. On August 26, 2019, analysts decreased their price target for HPR shares from 4 to 2.50.

The Average True Range (ATR) for HighPoint Resources Corporation is set at 0.04, with the Price to Sales ratio for HPR stock in the period of the last 12 months amounting to 0.21. The Price to Book ratio for the last quarter was 37.41, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for HPR in the course of the last twelve months was 0.33 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for HPR stock

HighPoint Resources Corporation [HPR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.31. With this latest performance, HPR shares gained by 3.03% in over the last four-week period, additionally sinking by -65.36% over the last 6 months – not to mention a drop of -69.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HPR stock in for the last two-week period is set at 49.19, with the RSI for the last a single of trading hit 46.88, and the three-weeks RSI is set at 50.55 for HighPoint Resources Corporation [HPR]. The present Moving Average for the last 50 days of trading for this stock 0.3654, while it was recorded at 0.3796 for the last single week of trading, and 0.7046 for the last 200 days.

HighPoint Resources Corporation [HPR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and HighPoint Resources Corporation [HPR] shares currently have an operating margin of -0.81 and a Gross Margin at +13.08. HighPoint Resources Corporation’s Net Margin is presently recorded at -29.79.

Return on Total Capital for HPR is now -0.20, given the latest momentum, and Return on Invested Capital for the company is -7.32. Return on Equity for this stock declined to -11.75, with Return on Assets sitting at -5.84. When it comes to the capital structure of this company, HighPoint Resources Corporation [HPR] has a Total Debt to Total Equity ratio set at 71.39. Additionally, HPR Total Debt to Total Capital is recorded at 41.65, with Total Debt to Total Assets ending up at 34.21. Long-Term Debt to Equity for the company is recorded at 71.27, with the Long-Term Debt to Total Capital now at 41.58.

Reflecting on the efficiency of the workforce at the company, HighPoint Resources Corporation [HPR] managed to generate an average of -$869,871 per employee. Receivables Turnover for the company is 6.70 with a Total Asset Turnover recorded at a value of 0.20.HighPoint Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

HighPoint Resources Corporation [HPR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, HighPoint Resources Corporation posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HPR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HighPoint Resources Corporation go to 31.00%.

An analysis of insider ownership at HighPoint Resources Corporation [HPR]

There are presently around $55 million, or 81.80% of HPR stock, in the hands of institutional investors. The top three institutional holders of HPR stocks are: G.F.W. ENERGY XI, L.P. with ownership of 100,000,000, which is approximately 0% of the company’s market cap and around 2.80% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 7,718,429 shares of the stock with an approximate value of $2.89 million in HPR stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $2.24 million in HPR stock with ownership of nearly -31.742% of the company’s market capitalization.

Positions in HighPoint Resources Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 31 institutional holders increased their position in HighPoint Resources Corporation [NYSE:HPR] by around 12,716,571 shares. Additionally, 81 investors decreased positions by around 58,383,830 shares, while 12 investors held positions by with 74,883,950 shares. The mentioned changes placed institutional holdings at 145,984,351 shares, according to the latest SEC report filing. HPR stock had 18 new institutional investments in for a total of 9,471,529 shares, while 51 institutional investors sold positions of 21,161,063 shares during the same period.

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