HighPeak Energy (NASDAQ:HPK) Trading Up 9% – Still a Buy?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price traded up 9% during mid-day trading on Friday . The stock traded as high as $5.45 and last traded at $5.71. 27,464 shares were traded during trading, a decline of 93% from the average session volume of 381,427 shares. The stock had previously closed at $5.24.

Analyst Ratings Changes

Several research firms have weighed in on HPK. Wall Street Zen downgraded HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HighPeak Energy in a research note on Friday, October 31st. Finally, Roth Capital assumed coverage on shares of HighPeak Energy in a report on Monday, October 13th. They issued a “buy” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.67.

HighPeak Energy Trading Up 9.9%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 0.87. The stock’s fifty day moving average is $6.98 and its 200 day moving average is $8.56. The stock has a market cap of $726.26 million, a P/E ratio of 16.00 and a beta of 1.09.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $188.86 million for the quarter, compared to the consensus estimate of $224.48 million. HighPeak Energy had a return on equity of 4.23% and a net margin of 6.03%.The company’s revenue was down 30.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, equities research analysts predict that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 1st. HighPeak Energy’s dividend payout ratio is presently 44.44%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of HighPeak Energy in the 3rd quarter worth about $31,000. Raymond James Financial Inc. bought a new stake in HighPeak Energy in the second quarter worth about $49,000. Strs Ohio purchased a new position in shares of HighPeak Energy during the first quarter valued at approximately $60,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of HighPeak Energy during the second quarter valued at approximately $109,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of HighPeak Energy during the first quarter valued at approximately $134,000. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.