HighPeak Energy (NASDAQ:HPK) Trading 3.5% Higher – Still a Buy?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price was up 3.5% during mid-day trading on Monday . The stock traded as high as $4.50 and last traded at $4.42. Approximately 68,247 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 419,123 shares. The stock had previously closed at $4.27.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HPK. Roth Capital started coverage on HighPeak Energy in a research report on Monday, October 13th. They set a “buy” rating and a $12.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of HighPeak Energy in a research note on Monday, December 15th. Finally, Wall Street Zen downgraded shares of HighPeak Energy from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, HighPeak Energy has a consensus rating of “Hold” and a consensus target price of $11.67.

HighPeak Energy Stock Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.58 and a current ratio of 1.65. The stock has a market cap of $567.67 million, a PE ratio of 12.57 and a beta of 1.06. The company’s 50 day simple moving average is $5.80 and its 200 day simple moving average is $7.51.

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

HighPeak Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 1st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, December 1st. HighPeak Energy’s payout ratio is presently 44.44%.

Hedge Funds Weigh In On HighPeak Energy

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in HighPeak Energy in the third quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in shares of HighPeak Energy during the 2nd quarter worth approximately $49,000. Strs Ohio bought a new stake in shares of HighPeak Energy in the 1st quarter worth approximately $60,000. Brevan Howard Capital Management LP bought a new stake in shares of HighPeak Energy in the 3rd quarter worth approximately $79,000. Finally, WINTON GROUP Ltd purchased a new position in HighPeak Energy in the third quarter valued at approximately $102,000. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Company Profile

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.