Wall Street Zen Downgrades HighPeak Energy (NASDAQ:HPK) to Sell

HighPeak Energy (NASDAQ:HPK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts have also issued reports on HPK. Weiss Ratings reiterated a “sell (d+)” rating on shares of HighPeak Energy in a report on Wednesday, October 8th. Roth Capital started coverage on HighPeak Energy in a report on Monday, October 13th. They issued a “buy” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, HighPeak Energy has a consensus rating of “Hold” and a consensus price target of $11.67.

HighPeak Energy Trading Down 4.6%

Shares of NASDAQ HPK opened at $6.66 on Friday. HighPeak Energy has a twelve month low of $6.60 and a twelve month high of $15.72. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $7.19 and a 200-day simple moving average of $8.71. The stock has a market capitalization of $840.03 million, a PE ratio of 7.74 and a beta of 1.21.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $200.40 million during the quarter, compared to analyst estimates of $210.87 million. HighPeak Energy had a net margin of 12.59% and a return on equity of 7.10%. The company’s quarterly revenue was down 27.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts forecast that HighPeak Energy will post 0.78 earnings per share for the current year.

Institutional Trading of HighPeak Energy

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in HighPeak Energy by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,805 shares of the company’s stock worth $30,078,000 after buying an additional 216,954 shares during the last quarter. Trexquant Investment LP purchased a new stake in HighPeak Energy during the 1st quarter worth about $645,000. GSA Capital Partners LLP lifted its holdings in HighPeak Energy by 42.3% during the 1st quarter. GSA Capital Partners LLP now owns 167,864 shares of the company’s stock worth $2,125,000 after buying an additional 49,867 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of HighPeak Energy by 29.0% in the 1st quarter. Voya Investment Management LLC now owns 159,103 shares of the company’s stock valued at $2,014,000 after purchasing an additional 35,728 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HighPeak Energy in the 1st quarter valued at about $159,000. 24.13% of the stock is owned by hedge funds and other institutional investors.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.