HighPeak Energy, Inc. (NASDAQ:HPK – Free Report) – Roth Capital cut their FY2024 earnings estimates for HighPeak Energy in a research report issued on Tuesday, February 25th. Roth Capital analyst J. White now forecasts that the company will post earnings of $0.71 per share for the year, down from their prior forecast of $0.74. The consensus estimate for HighPeak Energy’s current full-year earnings is $0.78 per share. Roth Capital also issued estimates for HighPeak Energy’s Q2 2025 earnings at $0.22 EPS and FY2025 earnings at $1.12 EPS.
Separately, Truist Financial upped their price objective on shares of HighPeak Energy from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, January 13th.
HighPeak Energy Stock Performance
Shares of HPK opened at $12.89 on Friday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 10.15 and a beta of 0.73. The company’s fifty day moving average is $14.26 and its 200-day moving average is $14.47. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. HighPeak Energy has a 12 month low of $12.48 and a 12 month high of $17.48.
HighPeak Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 3rd will be issued a $0.04 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.16 annualized dividend and a yield of 1.24%. HighPeak Energy’s dividend payout ratio (DPR) is currently 12.60%.
Hedge Funds Weigh In On HighPeak Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HPK. BNP Paribas Financial Markets bought a new stake in shares of HighPeak Energy during the 4th quarter worth $26,000. Blue Trust Inc. lifted its position in HighPeak Energy by 101.1% during the 3rd quarter. Blue Trust Inc. now owns 5,678 shares of the company’s stock worth $80,000 after acquiring an additional 2,854 shares during the last quarter. FMR LLC boosted its holdings in HighPeak Energy by 766.6% during the third quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after acquiring an additional 7,091 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of HighPeak Energy in the fourth quarter valued at about $112,000. Finally, AlphaQuest LLC increased its stake in shares of HighPeak Energy by 509.9% in the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company’s stock worth $118,000 after purchasing an additional 6,726 shares during the period. Institutional investors and hedge funds own 24.13% of the company’s stock.
About HighPeak Energy
HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.
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