HighPeak Energy, Inc. (NASDAQ:HPK – Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.04 per share on Tuesday, June 25th. This represents a $0.16 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, June 3rd.
HighPeak Energy has a dividend payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HighPeak Energy to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 12.1%.
HighPeak Energy Stock Performance
Shares of HPK stock traded down $1.18 on Friday, reaching $14.53. The stock had a trading volume of 236,171 shares, compared to its average volume of 344,872. The firm’s 50-day moving average is $15.34 and its two-hundred day moving average is $15.18. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.29 and a beta of 0.67. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. HighPeak Energy has a 12 month low of $10.44 and a 12 month high of $18.42.
Analyst Ratings Changes
Separately, Truist Financial decreased their target price on shares of HighPeak Energy from $11.00 to $10.00 and set a “sell” rating on the stock in a research note on Friday, April 5th.
Read Our Latest Stock Report on HPK
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.
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