HighPeak Energy (NASDAQ:HPK) Releases Earnings Results, Beats Estimates By $0.25 EPS

HighPeak Energy (NASDAQ:HPK – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.25, FiscalAI reports. HighPeak Energy had a positive return on equity of 0.75% and a negative net margin of 13.84%. The firm had revenue of $256.82 million for the quarter, compared to the consensus estimate of $241.27 million.

HighPeak Energy Trading Up 10.3%

HPK opened at $7.52 on Wednesday. The business’s 50 day moving average price is $8.84 and its 200 day moving average price is $7.17. HighPeak Energy has a one year low of $3.85 and a one year high of $12.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.87. The stock has a market capitalization of $951.03 million, a PE ratio of -6.97 and a beta of 0.05.

Wall Street Analysts Forecast Growth

HPK has been the subject of several recent research reports. Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded HighPeak Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, November 2nd. Finally, Zacks Research raised HighPeak Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on HPK

About HighPeak Energy

(Get Free Report)

HighPeak Energy, Inc. is an independent oil and natural gas exploration and production company. It focuses on acquiring, developing and operating oil and gas properties, with production that includes crude oil, natural gas and natural gas liquids. The company’s operations are concentrated in the Permian Basin of West Texas, particularly in Howard and Borden counties. Its activities include drilling and completing wells and managing the infrastructure needed to produce and transport hydrocarbons.

Further Reading

Earnings History for HighPeak Energy (NASDAQ:HPK)

Receive News & Ratings for HighPeak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HighPeak Energy and related companies with MarketBeat.com's FREE daily email newsletter.