HighPeak Energy (NASDAQ:HPK) Stock Price Down 5.6% – Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK) fell 5.6% on Tuesday. The stock traded as low as $10.84 and last traded at $10.7550. Approximately 261,026 shares were traded during trading, a decline of 66% from the average session volume of 778,491 shares. The stock had previously closed at $11.39.

Wall Street Analyst Weigh In

HPK has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research report on Monday, August 31st. Wall Street Zen raised HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

HighPeak Energy Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -13.87 and a beta of 0.36. The company’s 50 day moving average is $8.35 and its 200-day moving average is $7.46.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Monday, August 10th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.57. The firm 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 company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Equities research analysts anticipate that HighPeak Energy, Inc. will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On HighPeak Energy

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in HighPeak Energy during the second quarter worth about $37,000. Caitong International Asset Management Co. Ltd bought a new position in HighPeak Energy in the 4th quarter valued at approximately $29,000. Integrated Wealth Concepts LLC bought a new position in HighPeak Energy in the 2nd quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new stake in HighPeak Energy in the first quarter valued at approximately $70,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in HighPeak Energy in the second quarter valued at approximately $73,000. 24.13% of the stock is currently owned by institutional investors.

About HighPeak Energy

HighPeak Energy, Inc (NASDAQ: HPK) is an independent oil and natural gas company focused on the acquisition, development and production of unconventional oil and gas reserves in the Midland Basin of the Permian Basin in West Texas.

The company’s operations are concentrated primarily in Howard and Borden counties, where it develops horizontal wells and produces crude oil, natural gas liquids and natural gas. HighPeak Energy’s activities include leasing acreage, drilling and completing wells, operating production facilities, and managing related gathering and infrastructure arrangements.

HighPeak Energy was established through a business combination involving Pure Acquisition Corp.