HighPeak Energy (NASDAQ:HPK) Trading Up 8.1% – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price shot up 8.1% during trading on Monday . The stock traded as high as $7.83 and last traded at $7.78. 273,760 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 851,652 shares. The stock had previously closed at $7.20.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HPK. Wall Street Zen cut shares of HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. Finally, Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy Stock Up 4.3%

The company has a market capitalization of $1.04 billion, a P/E ratio of -10.46 and a beta of 0.35. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $7.27 and a 200 day moving average price of $6.47.

Hedge Funds Weigh In On HighPeak Energy

Large investors have recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of HighPeak Energy in the fourth quarter worth $2,257,000. Denali Advisors LLC raised its position in HighPeak Energy by 6.0% during the 4th quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock worth $2,928,000 after purchasing an additional 35,096 shares during the last quarter. State of Alaska Department of Revenue raised its position in HighPeak Energy by 135.5% during the 4th quarter. State of Alaska Department of Revenue now owns 10,624 shares of the company’s stock worth $50,000 after purchasing an additional 6,112 shares during the last quarter. GSA Capital Partners LLP acquired a new position in HighPeak Energy during the 2nd quarter worth about $724,000. Finally, Cetera Investment Advisers acquired a new position in HighPeak Energy during the 1st quarter worth about $104,000. 24.13% of the stock is currently owned by institutional investors.

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.