HighPeak Energy (NASDAQ:HPK) Shares Up 5.8% – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price shot up 5.8% on Tuesday . The company traded as high as $6.65 and last traded at $6.6990. 268,336 shares traded hands during trading, a decline of 73% from the average session volume of 1,006,414 shares. The stock had previously closed at $6.33.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HPK. Wall Street Zen raised shares of HighPeak Energy from a “strong sell” rating to a “sell” rating in a report on Monday, April 20th. Zacks Research cut shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to MarketBeat, HighPeak Energy has an average rating of “Hold” and an average price target of $12.00.

HighPeak Energy Stock Down 2.6%

The firm’s 50-day moving average price is $6.17 and its 200 day moving average price is $5.65. The firm has a market cap of $856.72 million, a P/E ratio of 75.34 and a beta of 0.60. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.71.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings results on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a net margin of 2.33% and a return on equity of 2.11%. As a group, research analysts expect that HighPeak Energy, Inc. will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On HighPeak Energy

Several institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its position in shares of HighPeak Energy by 1.9% during the first quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock worth $2,357,000 after acquiring an additional 3,431 shares during the last quarter. Alliancebernstein L.P. grew its position in HighPeak Energy by 8.1% in the 3rd quarter. Alliancebernstein L.P. now owns 46,540 shares of the company’s stock valued at $329,000 after buying an additional 3,500 shares in the last quarter. State of Alaska Department of Revenue bought a new position in HighPeak Energy in the 3rd quarter valued at about $31,000. Strs Ohio bought a new position in HighPeak Energy in the 1st quarter valued at about $60,000. Finally, Intech Investment Management LLC grew its position in HighPeak Energy by 46.4% in the 3rd quarter. Intech Investment Management LLC now owns 15,251 shares of the company’s stock valued at $108,000 after buying an additional 4,831 shares in the last quarter. 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.