HighPeak Energy (NASDAQ:HPK) Stock Price Down 3.9% – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK) shares were down 3.9% during mid-day trading on Friday . The stock traded as low as $4.52 and last traded at $4.5540. Approximately 144,681 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 761,309 shares. The stock had previously closed at $4.74.

Analysts Set New Price Targets

A number of research firms have weighed in on HPK. Wall Street Zen downgraded HighPeak Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Roth Capital began coverage on HighPeak Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $12.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.67.

HighPeak Energy Stock Down 5.9%

The company has a market cap of $559.88 million, a price-to-earnings ratio of 12.32 and a beta of 0.65. The stock’s 50-day moving average is $5.63 and its 200-day moving average is $7.38. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.71.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $188.86 million during the quarter, compared to the consensus estimate of $224.48 million. HighPeak Energy had a net margin of 6.03% and a return on equity of 4.23%. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. On average, analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 1st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, December 1st. HighPeak Energy’s dividend payout ratio (DPR) is 44.44%.

Institutional Trading of HighPeak Energy

Several hedge funds have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV raised its stake in shares of HighPeak Energy by 54.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 461,757 shares of the company’s stock valued at $4,525,000 after purchasing an additional 163,720 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in HighPeak Energy in the third quarter worth $742,000. Bank of America Corp DE boosted its position in HighPeak Energy by 831.1% during the third quarter. Bank of America Corp DE now owns 108,047 shares of the company’s stock valued at $764,000 after buying an additional 96,443 shares during the period. Vanguard Group Inc. grew its holdings in HighPeak Energy by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock worth $18,850,000 after acquiring an additional 94,834 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in HighPeak Energy by 8.9% in the second quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock valued at $8,670,000 after acquiring an additional 72,551 shares in the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

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.