HighPeak Energy (NASDAQ:HPK) Issues Earnings Results

HighPeak Energy (NASDAQ:HPK) posted its quarterly earnings data on Wednesday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17), Briefing.com reports. The company had revenue of $165.84 million for the quarter, compared to the consensus estimate of $190.56 million. HighPeak Energy had a net margin of 6.03% and a return on equity of 4.23%. The company’s revenue was down 33.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share.

HighPeak Energy Stock Performance

HighPeak Energy stock opened at $5.85 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.65 and a quick ratio of 1.58. HighPeak Energy has a 12 month low of $3.85 and a 12 month high of $13.11. The company has a fifty day moving average price of $4.82 and a two-hundred day moving average price of $5.83. The company has a market cap of $734.68 million, a PE ratio of 16.25 and a beta of 0.64.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. XTX Topco Ltd grew its position in shares of HighPeak Energy by 22.4% during the 4th quarter. XTX Topco Ltd now owns 59,225 shares of the company’s stock valued at $281,000 after buying an additional 10,856 shares during the last quarter. Stokes Family Office LLC bought a new position in HighPeak Energy in the fourth quarter worth about $48,000. Virtus Investment Advisers LLC bought a new position in HighPeak Energy in the fourth quarter worth about $174,000. Oxford Asset Management LLP acquired a new position in HighPeak Energy in the fourth quarter valued at approximately $103,000. Finally, Millennium Management LLC bought a new position in shares of HighPeak Energy during the fourth quarter valued at approximately $69,000. 24.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of HighPeak Energy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.67.

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.