HighPeak Energy (NASDAQ:HPK) Upgraded at Zacks Research

HighPeak Energy (NASDAQ:HPK) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.00.

HighPeak Energy Stock Performance

HighPeak Energy stock opened at $6.87 on Tuesday. 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 market capitalization of $862.80 million, a PE ratio of 76.34 and a beta of 0.64. The company has a 50 day moving average price of $5.01 and a 200-day moving average price of $5.79. HighPeak Energy has a fifty-two week low of $3.85 and a fifty-two week high of $13.11.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Saturday, January 31st. The company reported $0.82 earnings per share (EPS) for the quarter. HighPeak Energy had a return on equity of 2.11% and a net margin of 2.33%. As a group, equities analysts forecast that HighPeak Energy will post 0.78 earnings per share for the current year.

Hedge Funds Weigh In On HighPeak Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of HighPeak Energy during the fourth quarter valued at approximately $29,000. State of Alaska Department of Revenue bought a new position in HighPeak Energy in the third quarter worth approximately $31,000. Stokes Family Office LLC purchased a new stake in HighPeak Energy during the fourth quarter worth $48,000. Raymond James Financial Inc. purchased a new stake in HighPeak Energy during the second quarter worth $49,000. Finally, The Manufacturers Life Insurance Company bought a new stake in HighPeak Energy during the 4th quarter valued at $51,000. 24.13% of the stock is currently owned by 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.