HighPeak Energy (NASDAQ:HPK) Stock Price Up 6.6% – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price rose 6.6% during mid-day trading on Tuesday . The stock traded as high as $7.98 and last traded at $8.0390. Approximately 578,672 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 984,177 shares. The stock had previously closed at $7.54.

Analyst Upgrades and Downgrades

HPK has been the subject of several research analyst reports. Zacks Research cut HighPeak Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, HighPeak Energy has an average rating of “Hold” and a consensus price target of $12.00.

HighPeak Energy Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -6.80 and a beta of 0.34. The company has a fifty day simple moving average of $6.42 and a two-hundred day simple moving average of $5.61.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $215.89 million for the quarter, compared to analyst estimates of $210.14 million. HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.HighPeak Energy’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts anticipate that HighPeak Energy, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of HighPeak Energy

Several large investors have recently bought and sold shares of HPK. Empowered Funds LLC grew 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 purchasing an additional 3,431 shares during the last quarter. Jane Street Group LLC grew its holdings in HighPeak Energy by 79.6% in the first quarter. Jane Street Group LLC now owns 20,368 shares of the company’s stock valued at $258,000 after purchasing an additional 9,029 shares during the last quarter. Strs Ohio acquired a new stake in HighPeak Energy in the first quarter valued at $60,000. Geode Capital Management LLC boosted its stake in shares of HighPeak Energy by 12.4% during the second quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after acquiring an additional 70,590 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of HighPeak Energy during the second quarter valued at $225,000. 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.