Finance

Choose Between these two Worthy Stocks: HighPoint Resources Corporation (NYSE:HPR), Centennial Resource Development, Inc. (NASDAQ:CDEV)

HighPoint Resources Corporation (NYSE:HPR)

HighPoint Resources Corporation (NYSE:HPR), ended its previous trading session at $2.28 showing a gain of 0.02 or 0.88 percent with respect to the price of $2.26 when stock market opened. The company traded 778736 shares over the course of the trading day. Giving the average volume of 1.57 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 213.76 Million.

HighPoint Resources Corporation (NYSE:HPR) is currently trading lower than its price target which is set to $5.18 by the analyst. The stock is -70% Below its 1-Year High which is $7.60. HPR has a difference of 10.68% from its 1 year low which stands at $2.06. The company is currently rated by analyst who are keeping a close eye on the stock as 2.2. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

HighPoint Resources Corporation (NYSE:HPR) Performance Snapshot

The stock performed exceptionally good in the previous week which depicts an increase of 0.88 percent in the shares price. The company subtracted about -16.18% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is -63.11 Percent. HPR currently shows -8.43% as its year to date performance.

HighPoint Resources Corporation (NYSE:HPR) Price Insight

The stock needs to grow about $2.9 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are -12.19%, -8.87% and -36.03 percent respectively. The stock trades about 22.1 percent of its Float giving its total shares Outstanding are 213.76 Million. HPR lost about -44.39 percent in 6 months showing its Average True Range of 0.16. The company currently has a RSI and Beta of 38.74 and 3.28.

While talking about HighPoint Resources Corporation (NYSE:HPR) valuation ratios, the stock trades with a P/S and P/B of 1.03 and 0.43 which is significantly better and attractive as compared to its peers.

Centennial Resource Development, Inc. (NASDAQ:CDEV)

Centennial Resource Development, Inc. (NASDAQ:CDEV), closed the last trading session at $10.32 with increase of $0.24 or 2.38 percent against the opening price of $10.08. The trading day volume of the company stands at 3.18 Million shares while the average trading volume of Centennial Resource Development, Inc. (NASDAQ:CDEV) is 3.84 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 279.76 Million.

The price target of Centennial Resource Development, Inc. (NASDAQ:CDEV) is currently set at 14.22 by the analysts. The stock is $-55.36 Below its 1-Year High which is $23.12. CDEV hit its 1-Year low price of $8.28. The company is currently rated by analyst who are keeping a close eye on the stock as 2.2. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of Centennial Resource Development, Inc. (NASDAQ:CDEV)

The value of the stock increased by 2.18% during the previous week performance. Looking at the 1 month performance of Centennial Resource Development, Inc. (NASDAQ:CDEV), the stock jumped 2.69%. While the 1 year performance shows a negative percentage of -47.67 and year to date performance stands at -6.35%.

Centennial Resource Development, Inc. (NASDAQ:CDEV) Analytical Review

The stock needs to grow about $3.9 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 1.04%, 8.4% and -29.76 percent respectively. The stock trades about 9.24 percent of its Float giving its total shares Outstanding are 279.76 Million. CDEV gained about -39.61 percent in 6 months showing its Average True Range of 0.53. The company currently has a RSI and Beta of 56.05 and 0.

While talking about Centennial Resource Development, Inc. (NASDAQ:CDEV) valuation ratios, the stock trades with a P/S and P/B of 3.25 and 0.88 which is significantly better and attractive as compared to its peers.