HighPoint Resources Corporation [HPR] Stock trading around $10.83 per share: What’s Next?

HighPoint Resources Corporation [NYSE: HPR] stock went on an upward path that rose over 118.79% on Wednesday, amounting to a one-week price increase of more than 102.43%. The company report on March 25, 2021 that HighPoint Resources Comments on Trading Activity.

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HighPoint Resources Corporation (NYSE: HPR) (the “Company” or “HighPoint”) at the request of the New York Stock Exchange reports that it is not aware of any material, undisclosed corporate developments to account for the trading activity in HighPoint’s stock on March 24, 2021.


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The Company’s planned merger with Bonanza Creek Energy, Inc. (“Bonanza Creek”) remains on track to be consummated pursuant to the previously announced prepackaged plan of reorganization, which implements the merger and restructuring transactions as set forth in the Agreement and Plan of Merger, dated as of November 9, 2020, by and among Bonanza Creek Energy, Inc. (“Bonanza Creek”), HighPoint and Boron Merger Sub, Inc. (the “Merger Agreement”), and the Transaction Support Agreement, dated as of November 9, 2020, by and among HighPoint, HighPoint Operating Corporation, Fifth Pocket Production, LLC, certain consenting holders of HighPoint Operating Corporation’s 7.0% Senior Notes due October 15, 2022 and 8.75% Senior Notes due June 15, 2025, and certain consenting HighPoint stockholders. Based on the number of shares of Bonanza Creek common stock outstanding as of the date of the Merger Agreement, the transaction implies an exchange ratio of 0.114 shares of Bonanza Creek common stock for each share of HighPoint common stock.

Over the last 12 months, HPR stock dropped by -4.29%. The average equity rating for HPR stock is currently 5.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $40.18 million, with 4.25 million shares outstanding and 2.28 million shares in the current float. Compared to the average trading volume of 343.86K shares, HPR stock reached a trading volume of 3318042 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 1.40, with the Price to Sales ratio for HPR stock in the period of the last 12 months amounting to 0.13. Price to Free Cash Flow for HPR in the course of the last twelve months was 0.19 with Quick ratio for the last quarter at 1.20.

HPR Stock Performance Analysis:

HighPoint Resources Corporation [HPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 102.43. With this latest performance, HPR shares gained by 2.46% in over the last four-week period, additionally sinking by -17.04% over the last 6 months – not to mention a drop of -4.29% 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 61.19, with the RSI for the last a single of trading hit 68.26, and the three-weeks RSI is set at 57.15 for HighPoint Resources Corporation [HPR]. The present Moving Average for the last 50 days of trading for this stock 9.66, while it was recorded at 6.24 for the last single week of trading, and 12.50 for the last 200 days.

Insight into HighPoint Resources Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and HighPoint Resources Corporation [HPR] shares currently have an operating margin of -4.26 and a Gross Margin at +20.28. HighPoint Resources Corporation’s Net Margin is presently recorded at -464.95.

Return on Total Capital for HPR is now -0.83, given the latest momentum, and Return on Invested Capital for the company is -91.25. Return on Equity for this stock declined to -231.26, with Return on Assets sitting at -75.33. Additionally, HPR Total Debt to Total Capital is recorded at 110.99, with Total Debt to Total Assets ending up at 93.37.

Reflecting on the efficiency of the workforce at the company, HighPoint Resources Corporation [HPR] managed to generate an average of -$9,386,944 per employee. Receivables Turnover for the company is 4.99 with a Total Asset Turnover recorded at a value of 0.16.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.

HPR Stock EPS

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%.

HighPoint Resources Corporation [HPR] Insider Position Details

There are presently around $26 million, or 56.20% 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; VANGUARD GROUP INC, holding 87,962 shares of the stock with an approximate value of $0.95 million in HPR stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $0.58 million in HPR stock with ownership of nearly -8.942% 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 March and at the time of the March reporting period, where 13 institutional holders increased their position in HighPoint Resources Corporation [NYSE:HPR] by around 108,060 shares. Additionally, 41 investors decreased positions by around 468,016 shares, while 6 investors held positions by with 1,822,180 shares. The mentioned changes placed institutional holdings at 2,398,256 shares, according to the latest SEC report filing. HPR stock had 7 new institutional investments in for a total of 60,897 shares, while 30 institutional investors sold positions of 399,869 shares during the same period.

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