PDT Partners LLC Takes Position in HighPeak Energy, Inc. $HPK

PDT Partners LLC purchased a new stake in HighPeak Energy, Inc. (NASDAQ:HPK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 548,124 shares of the company’s stock, valued at approximately $3,831,000.

A number of other large investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new position in HighPeak Energy in the second quarter valued at $138,000. Ieq Capital LLC acquired a new stake in shares of HighPeak Energy during the second quarter worth about $996,000. Allworth Financial LP acquired a new stake in shares of HighPeak Energy during the second quarter worth about $37,000. Great Lakes Advisors LLC purchased a new position in shares of HighPeak Energy during the second quarter worth about $95,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of HighPeak Energy during the second quarter worth about $5,426,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Stock Performance

Shares of HPK opened at $7.76 on Thursday. The stock has a market capitalization of $981.25 million, a P/E ratio of -9.82 and a beta of 0.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.87. HighPeak Energy, Inc. has a 1 year low of $3.85 and a 1 year high of $9.13. The company’s fifty day moving average is $7.28 and its two-hundred day moving average is $6.73.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Monday, August 10th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.02 by $0.57. The company had revenue of $272.42 million during the quarter, compared to analysts’ expectations of $240.03 million. HighPeak Energy had a negative net margin of 10.52% and a negative return on equity of 1.44%. The business’s revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. On average, sell-side analysts predict that HighPeak Energy, Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPK. Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.00.

HighPeak Energy 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.