HighPeak Energy (NASDAQ:HPK) Sets New 12-Month Low – Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.14 and last traded at $4.0550, with a volume of 230336 shares traded. The stock had previously closed at $4.44.

Wall Street Analyst Weigh In

Several research analysts have commented on HPK shares. Wall Street Zen cut shares of HighPeak Energy from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Roth Capital began coverage on shares of HighPeak Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, HighPeak Energy presently has an average rating of “Hold” and an average price target of $11.67.

HighPeak Energy Trading Down 9.1%

The company has a market cap of $506.76 million, a price-to-earnings ratio of 11.22 and a beta of 0.65. The company’s 50 day moving average price is $5.50 and its 200 day moving average price is $7.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.58 and a current ratio of 1.65.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). HighPeak Energy had a return on equity of 4.23% and a net margin of 6.03%.The business had revenue of $188.86 million during the quarter, compared to the consensus estimate of $224.48 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. Research analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

HighPeak Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 1st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, December 1st. HighPeak Energy’s payout ratio is 44.44%.

Institutional Trading of HighPeak Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Sanders Morris Harris LLC grew its stake in HighPeak Energy by 0.5% in the 2nd quarter. Sanders Morris Harris LLC now owns 355,146 shares of the company’s stock valued at $3,480,000 after buying an additional 1,600 shares during the last quarter. Empowered Funds LLC increased its stake in shares of HighPeak Energy by 1.9% in the first 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. increased its stake in shares of HighPeak Energy by 8.1% in the third quarter. Alliancebernstein L.P. now owns 46,540 shares of the company’s stock worth $329,000 after purchasing an additional 3,500 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of HighPeak Energy by 29.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,266 shares of the company’s stock worth $159,000 after purchasing an additional 3,722 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in HighPeak Energy during the 3rd quarter valued at approximately $31,000. 24.13% of the stock is currently 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.