HighPeak Energy (NASDAQ:HPK) Rating Lowered to “Strong Sell” at Wall Street Zen

HighPeak Energy (NASDAQ:HPK) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Sunday.

Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HighPeak Energy presently has a consensus rating of “Hold” and a consensus target price of $12.00.

HighPeak Energy Stock Performance

Shares of HPK stock opened at $6.37 on Friday. The firm’s 50 day moving average price is $5.86 and its 200-day moving average price is $5.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.10 and a current ratio of 1.13. HighPeak Energy has a one year low of $3.85 and a one year high of $12.00. The firm has a market cap of $804.91 million, a P/E ratio of 70.79 and a beta of 0.60.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a net margin of 2.33% and a return on equity of 2.11%. As a group, equities research analysts predict that HighPeak Energy will post 0.78 EPS for the current year.

Institutional Investors Weigh In On HighPeak Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in HighPeak Energy during the 4th quarter worth approximately $29,000. Alpine Global Management LLC acquired a new stake in HighPeak Energy during the 4th quarter worth approximately $200,000. Aristides Capital LLC acquired a new stake in HighPeak Energy during the 4th quarter worth approximately $194,000. XTX Topco Ltd lifted its holdings in HighPeak Energy by 22.4% during the 4th quarter. XTX Topco Ltd now owns 59,225 shares of the company’s stock worth $281,000 after buying an additional 10,856 shares in the last quarter. Finally, Stokes Family Office LLC acquired a new stake in HighPeak Energy during the 4th quarter worth approximately $48,000. 24.13% of the stock is currently owned by institutional investors and hedge funds.

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.