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Bro HPR is lagging even after beating ER estimates on top of that oil is trending up. I have 21 different oil stocks in a watchlist and they are all green right now, guess which one isn't green..................HPR
yea... I wanted to keep it for a lil while.... but the RS news on 8k kinda scared me out... worked out tho... as I got in TGHI and am quite happy I did this morning..
HPR is in the currently "unloved" sector of oil and gas production.
HPR has approximately 214M shares outstanding, of which 97.49% is owned by institutions.* That leaves about 5.4M shares for retail and insiders.
According to Yahoo Finance, insiders own 1.52% of HPR shares.** That leaves about 1% of shares or about 2.14M shares available for retail holders/traders. A very small float indeed.
HighPoint Resources is a Denver-based exploration and production company focused on the responsible development of oil and natural gas assets located in the Denver-Julesburg (“DJ”) Basin of Colorado. Our assets are located in the Northeast Wattenberg and Hereford Fields and in rural settings that are favorable for oil development. We maintain a disciplined approach to capital investment and continually strive to maximize value through economic and low cost development, while maintaining financial and operational flexibility. We take great pride in working together in partnership with the communities in which we operate to ensure responsible energy development. This is not a commitment we take lightly as the health, safety and wellbeing of our employees and stakeholders is of highest priority and core to our business and operations.