HighPeak Energy (NASDAQ:HPK) Shares Gap Down – Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.65, but opened at $7.34. HighPeak Energy shares last traded at $7.27, with a volume of 22,052 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on HPK shares. Zacks Research raised shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HighPeak Energy in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy Price Performance

The firm has a market cap of $906.38 million, a PE ratio of -6.02 and a beta of 0.36. The stock has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $6.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.67.

HighPeak Energy (NASDAQ:HPK) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $215.89 million for the quarter, compared to the consensus estimate of $210.14 million. HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.The company’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. Sell-side analysts expect that HighPeak Energy, Inc. will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HPK. Empowered Funds LLC grew its stake in shares of HighPeak Energy by 1.9% during the 1st quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock worth $2,357,000 after purchasing an additional 3,431 shares during the period. Alliancebernstein L.P. lifted its stake in shares of HighPeak Energy by 8.1% in the 3rd quarter. Alliancebernstein L.P. now owns 46,540 shares of the company’s stock valued at $329,000 after purchasing an additional 3,500 shares during the period. Strs Ohio acquired a new position in shares of HighPeak Energy in the 1st quarter valued at $60,000. Intech Investment Management LLC lifted its stake in shares of HighPeak Energy by 46.4% in the 3rd quarter. Intech Investment Management LLC now owns 15,251 shares of the company’s stock valued at $108,000 after purchasing an additional 4,831 shares during the period. Finally, Rhumbline Advisers boosted its holdings in HighPeak Energy by 23.6% during the second quarter. Rhumbline Advisers now owns 25,483 shares of the company’s stock worth $250,000 after buying an additional 4,864 shares in the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

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.