HighPeak Energy (NASDAQ:HPK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HighPeak Energy (NASDAQ:HPK) from a sell rating to a hold rating in a report issued on Sunday.

Several other analysts also recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.00.

HighPeak Energy Trading Down 0.4%

NASDAQ:HPK opened at $7.85 on Friday. HighPeak Energy has a 12 month low of $3.85 and a 12 month high of $9.13. The firm has a fifty day simple moving average of $7.25 and a 200-day simple moving average of $6.59. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $992.63 million, a P/E ratio of -9.94 and a beta of 0.35.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.57. HighPeak Energy had a negative net margin of 10.52% and a negative return on equity of 1.44%. The firm had revenue of $272.42 million for the quarter, compared to analyst estimates of $240.03 million. During the same period in the previous year, the company earned $0.10 earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts anticipate that HighPeak Energy will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HPK. Empowered Funds LLC acquired a new position in HighPeak Energy during the second quarter valued at $1,285,000. Bank of America Corp DE acquired a new stake in HighPeak Energy during the 2nd quarter worth about $140,000. Hsbc Holdings PLC acquired a new stake in HighPeak Energy during the 2nd quarter worth about $144,000. PDT Partners LLC purchased a new position in shares of HighPeak Energy during the 2nd quarter valued at about $3,831,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of HighPeak Energy during the 2nd quarter valued at about $138,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.

About HighPeak Energy

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware?incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.