HighPeak Energy (NASDAQ:HPK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HighPeak Energy (NASDAQ:HPK) from a strong sell rating to a sell rating in a report released on Monday morning.

A number of other brokerages have also recently commented on HPK. Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HighPeak Energy currently has a consensus rating of “Hold” and a consensus target price of $12.00.

HighPeak Energy Stock Up 2.1%

HPK stock opened at $6.19 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.13 and a quick ratio of 1.10. The stock has a market capitalization of $782.17 million, a price-to-earnings ratio of 68.79 and a beta of 0.60. The business’s fifty day moving average price is $6.00 and its two-hundred day moving average price is $5.66. HighPeak Energy has a fifty-two week low of $3.85 and a fifty-two week high of $12.00.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Saturday, January 31st. The company reported $0.82 earnings per share for the quarter. HighPeak Energy had a return on equity of 2.11% and a net margin of 2.33%. On average, equities analysts anticipate that HighPeak Energy will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HPK. Caitong International Asset Management Co. Ltd bought a new position in shares of HighPeak Energy in the fourth quarter worth $29,000. State of Alaska Department of Revenue bought a new position in shares of HighPeak Energy in the third quarter worth $31,000. Stokes Family Office LLC bought a new position in shares of HighPeak Energy in the fourth quarter worth $48,000. Raymond James Financial Inc. bought a new position in shares of HighPeak Energy in the second quarter worth $49,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in HighPeak Energy in the fourth quarter valued at about $51,000. Institutional investors 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.