HighPeak Energy (NASDAQ:HPK) Trading Up 6.6% – Still a Buy?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price was up 6.6% on Tuesday . The stock traded as high as $6.91 and last traded at $6.8750. Approximately 104,805 shares traded hands during trading, a decline of 90% from the average daily volume of 1,033,733 shares. The stock had previously closed at $6.45.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HPK shares. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. One 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

HighPeak Energy Trading Up 7.2%

The business has a fifty day simple moving average of $5.15 and a 200 day simple moving average of $5.75. 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 stock has a market capitalization of $868.43 million, a price-to-earnings ratio of 77.23 and a beta of 0.64.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results 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, research analysts expect that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

Hedge Funds Weigh In On HighPeak Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in HighPeak Energy by 1.9% in the first quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock valued at $2,357,000 after acquiring an additional 3,431 shares during the last quarter. Alliancebernstein L.P. lifted its position 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 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% in 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 period. State of Alaska Department of Revenue bought a new stake in shares of HighPeak Energy in the 3rd quarter valued at $31,000. Finally, Voya Investment Management LLC increased its position in shares of HighPeak Energy by 2.3% during the third quarter. Voya Investment Management LLC now owns 199,963 shares of the company’s stock worth $1,414,000 after buying an additional 4,559 shares during the period. Institutional investors and hedge funds own 24.13% of the company’s stock.

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.