HighPeak Energy (NASDAQ:HPK) Hits New 12-Month Low – What’s Next?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.14 and last traded at $4.0550, with a volume of 230336 shares changing hands. The stock had previously closed at $4.44.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Roth Capital assumed coverage on HighPeak Energy in a report on Monday, October 13th. They set a “buy” rating and a $12.00 price target on the stock. Wall Street Zen cut HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, HighPeak Energy currently has a consensus rating of “Hold” and an average price target of $11.67.

HighPeak Energy Stock Performance

The stock has a market capitalization of $535.00 million, a P/E ratio of 11.83 and a beta of 0.65. The company has a 50 day simple moving average of $5.41 and a 200-day simple moving average of $7.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.65 and a quick ratio of 1.58.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings results 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). HighPeak Energy had a return on equity of 4.23% and a net margin of 6.03%.The firm had revenue of $188.86 million for the quarter, compared to the consensus estimate of $224.48 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue was down 30.5% compared to the same quarter last year. On average, equities analysts forecast that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

HighPeak Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 1st were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 3.8%. HighPeak Energy’s payout ratio is 44.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of HighPeak Energy by 3.7% in the third quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock worth $18,850,000 after acquiring an additional 94,834 shares during the period. American Century Companies Inc. lifted its holdings in HighPeak Energy by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock worth $8,670,000 after purchasing an additional 72,551 shares in the last quarter. Geode Capital Management LLC grew its holdings in HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after buying an additional 70,590 shares in the last quarter. Denali Advisors LLC increased its position in shares of HighPeak Energy by 11.5% during the third quarter. Denali Advisors LLC now owns 582,532 shares of the company’s stock valued at $4,119,000 after buying an additional 60,007 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of HighPeak Energy by 3.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 478,462 shares of the company’s stock worth $3,383,000 after buying an additional 16,705 shares in the last quarter. 24.13% of the stock is owned by institutional investors.

About HighPeak Energy

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware‐incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.