HighPoint Resources Corporation (NYSE:HPR) has a beta value of 4.21 and has seen 2,224,489 shares traded in the recent trading session. The company, currently valued at $66.73 Million, closed the recent trade at $0.3109 per share which meant it lost $0 on the day or -1.62% during that session. The HPR stock price is -536.86% off its 52-week high price of $1.98 and 48.54% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.05 Million shares traded. The 3-month trading volume is 5.84 Million shares.
The consensus among analysts is that HighPoint Resources Corporation (HPR) is a Hold stock at the moment, with a recommendation rating of 2.8. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 7 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
HighPoint Resources Corporation (NYSE:HPR) trade information
Despite being -3.14% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the HPR stock price touched $0.4184 or saw a rise of 24.52%. Year-to-date, HighPoint Resources Corporation shares have moved -81.31%, while the 5-day performance has seen it change -8.57%. Over the past 30 days, the shares of HighPoint Resources Corporation (NYSE:HPR) have changed 31.58%. Short interest in the company has seen 19.01 Million shares shorted with days to cover at 3.26.
Wall Street analysts have a consensus price target for the stock at $0.47, which means that the shares’ value could jump 51.17% from current levels. The projected low price target is $0.25 while the price target rests at a high of $1.03. In that case, then, we find that the current price level is +231.3% off the targeted high while a plunge would see the stock lose -19.59% from current levels.
HighPoint Resources Corporation (HPR) estimates and forecasts
Figures show that HighPoint Resources Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -82.18% over the past 6 months, with this year growth rate of -70%, compared to -32.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 100% and 125% for the next quarter. Revenue growth from the last financial year stood is estimated to be -39.4%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -32.3% over the past 5 years. Earnings growth for 2020 is a modest -200% while over the next 5 years, the company’s earnings are expected to increase by 31%.
HighPoint Resources Corporation (NYSE:HPR)’s Major holders
Insiders own 1.64% of the company shares, while shares held by institutions stand at 91.97% with a share float percentage of 93.5%. Investors are also buoyed by the number of investors in a company, with HighPoint Resources Corporation having a total of 152 institutions that hold shares in the company. The top two institutional holders are G.F.W. Energy XI, L.P. with over 100Million shares worth more than $19Million. As of March 30, 2020, G.F.W. Energy XI, L.P. held 46.5% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 17.34 Million shares as of March 30, 2020. The firm’s total holdings are worth over $3.3 Million and represent 8.06% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series. As of March 30, 2020, the former fund manager holds about 3.34% shares in the company for having 7177377 shares of worth $1.36 Million while later fund manager owns 3.94 Million shares of worth $4.57 Million as of January 30, 2020, which makes it owner of about 1.83% of company’s outstanding stock.