Q1 2023 Earnings Estimate for HighPeak Energy, Inc. (NASDAQ:HPK) Issued By Seaport Res Ptn

HighPeak Energy, Inc. (NASDAQ:HPK – Get Rating) – Investment analysts at Seaport Res Ptn cut their Q1 2023 earnings per share estimates for HighPeak Energy in a research note issued on Monday, January 23rd. Seaport Res Ptn analyst N. Pope now anticipates that the company will earn $0.86 per share for the quarter, down from their previous estimate of $0.92. The consensus estimate for HighPeak Energy’s current full-year earnings is $2.80 per share. Seaport Res Ptn also issued estimates for HighPeak Energy’s Q3 2023 earnings at $1.19 EPS, Q4 2023 earnings at $1.25 EPS, Q1 2024 earnings at $1.33 EPS, Q2 2024 earnings at $1.47 EPS, Q3 2024 earnings at $1.53 EPS and Q4 2024 earnings at $1.54 EPS.

HighPeak Energy (NASDAQ:HPK – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $204.11 million for the quarter, compared to the consensus estimate of $217.65 million. HighPeak Energy had a return on equity of 33.37% and a net margin of 34.53%.

HighPeak Energy Stock Up 5.5 %

HPK opened at $28.40 on Wednesday. HighPeak Energy has a 1 year low of $16.15 and a 1 year high of $38.21. The firm has a 50 day moving average price of $22.82 and a 200 day moving average price of $23.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.54 and a current ratio of 0.57. The company has a market cap of $3.10 billion, a PE ratio of 17.01 and a beta of 0.70.

Institutional Investors Weigh In On HighPeak Energy

Institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd increased its holdings in shares of HighPeak Energy by 81.3% in the 3rd quarter. Point72 Hong Kong Ltd now owns 1,271 shares of the company’s stock valued at $28,000 after acquiring an additional 570 shares during the last quarter. Worth Asset Management LLC grew its stake in HighPeak Energy by 116.6% during the 4th quarter. Worth Asset Management LLC now owns 1,282 shares of the company’s stock worth $29,000 after buying an additional 690 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in HighPeak Energy during the 2nd quarter worth $44,000. Russell Investments Group Ltd. bought a new position in HighPeak Energy during the 2nd quarter worth $71,000. Finally, Royal Bank of Canada grew its stake in HighPeak Energy by 8,721.1% during the 3rd quarter. Royal Bank of Canada now owns 3,352 shares of the company’s stock worth $73,000 after buying an additional 3,314 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jack Hightower acquired 14,601 shares of the stock in a transaction on Wednesday, December 21st. The stock was bought at an average price of $21.98 per share, with a total value of $320,929.98. Following the completion of the transaction, the chief executive officer now directly owns 2,739,073 shares of the company’s stock, valued at $60,204,824.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Michael L. Hollis purchased 42,202 shares of the stock in a transaction dated Monday, November 21st. The stock was acquired at an average cost of $21.95 per share, for a total transaction of $926,333.90. Following the acquisition, the president now owns 292,089 shares of the company’s stock, valued at $6,411,353.55. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jack Hightower purchased 14,601 shares of the stock in a transaction dated Wednesday, December 21st. The stock was purchased at an average price of $21.98 per share, with a total value of $320,929.98. Following the completion of the acquisition, the chief executive officer now directly owns 2,739,073 shares in the company, valued at approximately $60,204,824.54. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 90,401 shares of company stock valued at $1,987,775. Corporate insiders own 88.60% of the company’s stock.

HighPeak Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Wednesday, February 1st will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, January 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. HighPeak Energy’s payout ratio is currently 5.99%.

HighPeak Energy Company Profile

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Pure Acquisition Corp. engages in the provision of merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. It focuses on energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is headquartered in Fort Worth, TX.