HighPeak Energy (NASDAQ:HPK) Issues Quarterly Earnings Results

HighPeak Energy (NASDAQ:HPK) issued its earnings results on Monday. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08), Briefing.com reports. The business had revenue of $234.81 million for the quarter, compared to analyst estimates of $247.32 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share.

HighPeak Energy Stock Performance

Shares of NASDAQ HPK traded down $0.14 during midday trading on Monday, reaching $11.81. 416,351 shares of the company traded hands, compared to its average volume of 242,378. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 9.30 and a beta of 0.76. The stock has a 50-day moving average price of $13.98 and a 200 day moving average price of $14.32. HighPeak Energy has a 52 week low of $11.43 and a 52 week high of $17.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 3rd. HighPeak Energy’s dividend payout ratio (DPR) is 12.60%.

Wall Street Analysts Forecast Growth

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

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.