HighPeak Energy (NASDAQ:HPK) Trading Down 6.3% – Here’s Why

HighPeak Energy, Inc. (NASDAQ:HPK) traded down 6.3% on Friday . The company traded as low as $6.60 and last traded at $6.3510. 11,670 shares were traded during mid-day trading, a decline of 99% from the average session volume of 995,044 shares. The stock had previously closed at $6.78.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research cut HighPeak Energy from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Wall Street Zen upgraded HighPeak Energy from a “strong sell” rating to a “sell” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, HighPeak Energy has a consensus rating of “Hold” and an average price target of $12.00.

HighPeak Energy Stock Performance

The company has a market capitalization of $845.98 million, a PE ratio of 74.21 and a beta of 0.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.10 and a current ratio of 1.13. The company has a 50 day moving average price of $6.17 and a 200 day moving average price of $5.65.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a return on equity of 2.11% and a net margin of 2.33%. Equities analysts forecast that HighPeak Energy, Inc. will post -0.34 EPS for the current year.

Hedge Funds Weigh In On HighPeak Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in shares of HighPeak Energy during the 3rd quarter valued at approximately $31,000. Strs Ohio purchased a new position in shares of HighPeak Energy during the 1st quarter valued at approximately $60,000. Raymond James Financial Inc. acquired a new stake in shares of HighPeak Energy during the 2nd quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of HighPeak Energy during the 4th quarter valued at approximately $29,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of HighPeak Energy during the 1st quarter valued at approximately $70,000. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

HighPeak Energy Company Profile

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.