HighPoint Resources Corporation ($HPR) 3Q20 Earnings Sneak Preview

HighPoint Resources Corporation (NYSE:HPR) is reporting third quarter earnings results on Monday 9th November 2020, after market close.

The consensus estimates from Thomson Reuters are income of $ 0.50 per share.

For the full year, analysts predict revenues of $ 239.00 million, while looking forward to income of $ 0.67 per share.

Previous Quarter Performance

HighPoint Resources Corporation communicated income for the second quarter of $ 0.04 per share, from the revenue of $ 43.30 million. The consensus estimates are loss of $ 0.02 per share from $ 60.36 million in revenue. The bottom line results beat street analysts by $ 0.06 or 300.00 percent, at the same time, top line results fell short of analysts by $ 17.06 million or 28.26 percent.

Stock Performance

On Friday, shares of HighPoint Resources Corporation has traded high as $ 5.98 and has cracked $ 5.40 on the downward trend, reaching $ 5.47 with volume of 93.40 thousand shares.

According to the previous trading day, closing price of $ 5.47, representing a 22.79 % increase from the 52 week low of $ 4.87 and a 93.96 % decrease over the 52 week high of $ 99.00.

The company has a market capital of $ 23.55 million and is part of the Energy sector and Oil & Gas E&P industry.

HighPoint Resources Corporation, together with its subsidiaries, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It primarily holds interests in the Denver Julesburg Basin in Colorados eastern plains and parts of southeastern Wyoming. The company is headquartered in Denver, Colorado.

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