HighPeak Energy (NASDAQ:HPK) Stock Price Up 5.7% – Time to Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) traded up 5.7% during trading on Monday . The company traded as high as $7.42 and last traded at $7.4070. 72,222 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 914,189 shares. The stock had previously closed at $7.01.

Analyst Ratings Changes

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

HighPeak Energy Trading Up 1.9%

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.67 and a quick ratio of 0.66. The business’s 50 day simple moving average is $7.19 and its 200 day simple moving average is $6.08. The stock has a market cap of $946.44 million, a P/E ratio of -6.29 and a beta of 0.36.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data 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%.The company’s revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts expect that HighPeak Energy, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HPK. Cetera Investment Advisers acquired a new stake in shares of HighPeak Energy in the 1st quarter valued at $104,000. Independent Financial Group LLC bought a new stake in shares of HighPeak Energy in the 1st quarter worth about $179,000. Bank of New York Mellon Corp increased its position in shares of HighPeak Energy by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 868,683 shares of the company’s stock worth $5,994,000 after purchasing an additional 55,955 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of HighPeak Energy during the 1st quarter worth about $255,000. Finally, Kestra Advisory Services LLC bought a new position in HighPeak Energy during the 1st quarter valued at about $70,000. 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.