HighPeak Energy, Inc. (NASDAQ:HPK – Get Free Report) was up 6.1% during trading on Monday. The company traded as high as $11.11 and last traded at $11.1890. Approximately 205,003 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 776,865 shares. The stock had previously closed at $10.55.
Wall Street Analyst Weigh In
Several research analysts recently commented on HPK shares. Wall Street Zen raised shares of HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings reissued a “sell (d)” rating on shares of HighPeak Energy in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
View Our Latest Analysis on HPK
HighPeak Energy Stock Performance
The firm’s fifty day moving average price is $8.28 and its 200 day moving average price is $7.43. The firm has a market cap of $1.42 billion, a P/E ratio of -14.25 and a beta of 0.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.87.
HighPeak Energy (NASDAQ:HPK – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.57. HighPeak Energy had a negative net margin of 10.52% and a negative return on equity of 1.44%. The firm had revenue of $272.42 million for the quarter, compared to the consensus estimate of $240.03 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Sell-side analysts expect that HighPeak Energy, Inc. will post 0.15 EPS for the current fiscal year.
Institutional Trading of HighPeak Energy
A number of hedge funds have recently bought and sold shares of the stock. Allworth Financial LP bought a new stake in HighPeak Energy during the 2nd quarter valued at $37,000. Caitong International Asset Management Co. Ltd bought a new position in shares of HighPeak Energy in the 4th quarter worth $29,000. Integrated Wealth Concepts LLC bought a new position in shares of HighPeak Energy in the 2nd quarter worth $45,000. Kestra Advisory Services LLC bought a new position in shares of HighPeak Energy in the 1st quarter worth $70,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of HighPeak Energy in the 2nd quarter worth $73,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.
HighPeak Energy Company Profile
HighPeak Energy, Inc (NASDAQ: HPK) is an independent oil and natural gas company focused on the acquisition, development and production of unconventional oil and gas reserves in the Midland Basin of the Permian Basin in West Texas.
The company’s operations are concentrated primarily in Howard and Borden counties, where it develops horizontal wells and produces crude oil, natural gas liquids and natural gas. HighPeak Energy’s activities include leasing acreage, drilling and completing wells, operating production facilities, and managing related gathering and infrastructure arrangements.
HighPeak Energy was established through a business combination involving Pure Acquisition Corp.
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