HighPeak Energy (NASDAQ:HPK) Trading Up 5.9% – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK) shares were up 5.9% during trading on Wednesday . The stock traded as high as $8.39 and last traded at $8.39. Approximately 275,642 shares changed hands during trading, a decline of 72% from the average daily volume of 972,487 shares. The stock had previously closed at $7.92.

Analyst Ratings Changes

A number of research firms have commented on HPK. Wall Street Zen upgraded shares of HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, HighPeak Energy currently has an average rating of “Hold” and a consensus target price of $12.00.

HighPeak Energy Price Performance

The stock has a fifty day moving average of $6.68 and a two-hundred day moving average of $5.70. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -6.97 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.75.

HighPeak Energy (NASDAQ:HPK) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%. The company had revenue of $215.89 million for the quarter, compared to analyst estimates of $210.14 million. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that HighPeak Energy, Inc. will post -0.14 earnings per share for the current year.

Institutional Trading of HighPeak Energy

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in HighPeak Energy by 3.7% in the third quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock valued at $18,850,000 after purchasing an additional 94,834 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of HighPeak Energy by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 868,683 shares of the company’s stock worth $5,994,000 after purchasing an additional 55,955 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock worth $6,273,000 after purchasing an additional 70,590 shares in the last quarter. Denali Advisors LLC increased its stake in shares of 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 in the last quarter. Finally, State Street Corp increased its stake in shares of HighPeak Energy by 12.9% during the 4th quarter. State Street Corp now owns 558,108 shares of the company’s stock worth $2,645,000 after purchasing an additional 63,919 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.