HighPoint Resources Corporation [HPR] is -86.19% lower this YTD. Is it still time to buy?

HighPoint Resources Corporation [NYSE: HPR] traded at a high on 11/20/20, posting a 3.00 gain after which it closed the day’ session at $11.67. The company report on November 20, 2020 that Laredo Petroleum Announces Appointment of Jarvis Hollingsworth and Lori Lancaster to the Board of Directors.

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Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) announced the appointment of Jarvis Hollingsworth and Lori Lancaster to the Company’s Board of Directors (the “Board”). Their appointments as independent directors are effective November 19, 2020.

Mr. Hollingsworth’s extensive experience leading and advising boards in corporate governance and strategy, risk management, ESG policy and diversity/inclusion will support Laredo’s vision of expanding the Company’s thinking beyond a traditional E&P mindset. He currently serves as the Secretary/General Counsel of Kayne Anderson Capital Advisors, L.P., and is a member of the Executive Committee and Board of Directors. Previously, Mr. Hollingsworth was a Partner at Bracewell LLP where he led a fiduciary practice counseling boards on corporate governance and strategic matters.

The results of the trading session contributed to over 4246801 shares changing hands. Over the past one week, the price volatility of HighPoint Resources Corporation stands at 46.63% while the volatility over the past one month is 22.62%.

The market cap for HPR stock reached $48.78 million, with 4.25 million shares outstanding and 2.23 million shares in the current float. Compared to the average trading volume of 672.16K shares, HPR reached a trading volume of 4246801 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about HighPoint Resources Corporation [HPR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPR shares is $15.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

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 1.83, with the Price to Sales ratio for HPR stock in the period of the last 12 months amounting to 0.16. Price to Free Cash Flow for HPR in the course of the last twelve months was 0.23 with Quick ratio for the last quarter at 1.20.

How has HPR stock performed recently?

HighPoint Resources Corporation [HPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 210.37. With this latest performance, HPR shares gained by 47.53% in over the last four-week period, additionally sinking by -16.13% over the last 6 months – not to mention a drop of -80.55% 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 66.93, with the RSI for the last a single of trading hit 75.42, and the three-weeks RSI is set at 59.63 for HighPoint Resources Corporation [HPR]. The present Moving Average for the last 50 days of trading for this stock 9.48, while it was recorded at 8.59 for the last single week of trading, and 16.38 for the last 200 days.

HighPoint Resources Corporation [HPR]: Deeper insight into the fundamentals

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.

Earnings analysis for HighPoint Resources Corporation [HPR]

With the latest financial reports released by the company, HighPoint Resources Corporation posted -2.5/share EPS, while the average EPS was predicted by analysts to be reported at -1.57/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -59.20%. 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%.

Insider trade positions for HighPoint Resources Corporation [HPR]

There are presently around $32 million, or 61.40% 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 2,000,000, which is approximately 0% of the company’s market cap and around 1.00% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 119,204 shares of the stock with an approximate value of $1.39 million in HPR stocks shares; and PARAMETRIC PORTFOLIO ASSOCIATES LLC, currently with $0.83 million in HPR stock with ownership of nearly 6281.859% of the company’s market capitalization.

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Positions in HighPoint Resources Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 19 institutional holders increased their position in HighPoint Resources Corporation [NYSE:HPR] by around 137,157 shares. Additionally, 43 investors decreased positions by around 316,516 shares, while 14 investors held positions by with 2,272,673 shares. The mentioned changes placed institutional holdings at 2,726,346 shares, according to the latest SEC report filing. HPR stock had 3 new institutional investments in for a total of 4,864 shares, while 23 institutional investors sold positions of 139,200 shares during the same period.

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