HighPeak Energy (NASDAQ:HPK) Sets New 1-Year High – Time to Buy?

HighPeak Energy, Inc. (NASDAQ:HPKGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.13 and last traded at $8.4990, with a volume of 126804 shares traded. The stock had previously closed at $7.92.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wall Street Zen lowered HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

View Our Latest Analysis on HighPeak Energy

HighPeak Energy Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $911.06 million, a price-to-earnings ratio of -9.13 and a beta of 0.35. The business’s 50 day simple moving average is $7.26 and its 200-day simple moving average is $6.49.

Institutional Investors Weigh In On HighPeak Energy

A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of HighPeak Energy during the 2nd quarter worth $13,154,000. Texas Capital Bank Wealth Management Services Inc bought a new position in HighPeak Energy in the second quarter valued at about $5,426,000. Bank of New York Mellon Corp bought a new position in HighPeak Energy in the second quarter valued at about $1,188,000. Ieq Capital LLC bought a new position in HighPeak Energy in the second quarter valued at about $996,000. Finally, Renaissance Technologies LLC acquired a new position in HighPeak Energy during the fourth quarter worth about $576,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

About HighPeak Energy

(Get Free Report)

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.

Further Reading

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