HighPeak Energy (NASDAQ:HPK) Sets New 12-Month Low – Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $7.82 and last traded at $9.80, with a volume of 751066 shares changing hands. The stock had previously closed at $8.19.

Analysts Set New Price Targets

Several research firms have recently commented on HPK. Truist Financial reduced their target price on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, March 13th. Bank of America initiated coverage on HighPeak Energy in a research note on Monday. They set an “underperform” rating and a $10.00 price objective on the stock.

HighPeak Energy Price Performance

The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. The business has a fifty day moving average price of $12.46 and a 200 day moving average price of $13.73.

HighPeak Energy (NASDAQ:HPK) last announced its earnings results on Monday, March 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The firm had revenue of $234.81 million for the quarter, compared to the consensus estimate of $247.32 million. During the same period in the prior year, the business earned $0.66 EPS. The company’s quarterly revenue was down 22.0% compared to the same quarter last year. On average, research analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 3rd were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.63%. HighPeak Energy’s dividend payout ratio (DPR) is 23.88%.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors have recently bought and sold shares of HPK. BNP Paribas Financial Markets purchased a new stake in shares of HighPeak Energy during the 4th quarter worth about $26,000. FMR LLC raised its stake in shares of HighPeak Energy by 766.6% during the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock worth $111,000 after purchasing an additional 7,091 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of HighPeak Energy in the 4th quarter valued at approximately $112,000. AlphaQuest LLC raised its stake in shares of HighPeak Energy by 509.9% in the 4th quarter. AlphaQuest LLC now owns 8,045 shares of the company’s stock valued at $118,000 after acquiring an additional 6,726 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of HighPeak Energy by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 9,180 shares of the company’s stock valued at $135,000 after acquiring an additional 1,857 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

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.