HighPeak Energy (HPK) Projected to Post Earnings on Monday

HighPeak Energy (NASDAQ:HPK) will likely be releasing its earnings data after the market closes on Monday, March 10th. Analysts expect HighPeak Energy to post earnings of $0.14 per share and revenue of $247.32 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

HighPeak Energy Trading Up 1.5 %

HPK opened at $11.95 on Friday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 9.41 and a beta of 0.76. HighPeak Energy has a 52 week low of $11.43 and a 52 week high of $17.48. The business’s 50 day moving average is $13.98 and its two-hundred day moving average is $14.32. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be paid a $0.04 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.34%. HighPeak Energy’s dividend payout ratio (DPR) is currently 12.60%.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted their price target on HighPeak Energy from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Monday, January 13th.

HighPeak Energy Company Profile

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.