HighPeak Energy (NASDAQ:HPK – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.25, FiscalAI reports. The company had revenue of $256.82 million during the quarter, compared to analyst estimates of $241.27 million. HighPeak Energy had a negative return on equity of 1.44% and a negative net margin of 10.52%.
HighPeak Energy Trading Down 5.3%
HPK stock traded down $0.38 during midday trading on Monday, reaching $6.76. 636,714 shares of the company traded hands, compared to its average volume of 771,543. HighPeak Energy has a 52-week low of $3.85 and a 52-week high of $12.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.87. The business has a 50 day moving average of $8.89 and a 200-day moving average of $7.14. The firm has a market capitalization of $854.82 million, a price-to-earnings ratio of -8.56 and a beta of 0.05.
Analyst Ratings Changes
A number of research firms have recently commented on HPK. Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded shares of HighPeak Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
View Our Latest Research Report on HighPeak Energy
HighPeak Energy Company Profile
HighPeak Energy, Inc (NASDAQ: HPK) is an independent energy company engaged in the acquisition, development and production of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional reserves in the Permian Basin, one of the leading oil-producing regions in the United States.
HighPeak Energy’s operations are concentrated in the Midland Basin of West Texas, particularly in Howard and Borden counties. Its activities include drilling and completing horizontal wells, developing oil and gas acreage, and producing hydrocarbons for sale into regional energy markets.
The company became a publicly traded entity in 2020 through a business combination involving Pure Acquisition Corp.
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