HighPeak Energy, Inc. (NASDAQ:HPK) Given Consensus Rating of “Reduce” by Analysts

HighPeak Energy, Inc. (NASDAQ:HPK) has earned a consensus rating of “Reduce” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.6667.

Several analysts have recently commented on HPK shares. Zacks Research lowered shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. Wall Street Zen lowered HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Roth Mkm initiated coverage on HighPeak Energy in a report on Monday, October 13th. They set a “buy” rating and a $12.00 price target for the company.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors and hedge funds have recently made changes to their positions in HPK. State of Alaska Department of Revenue purchased a new position in shares of HighPeak Energy during the 3rd quarter worth approximately $31,000. Strs Ohio acquired a new position in HighPeak Energy during the first quarter worth $60,000. Raymond James Financial Inc. purchased a new position in shares of HighPeak Energy during the second quarter worth $49,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of HighPeak Energy in the second quarter valued at $109,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of HighPeak Energy in the third quarter valued at $79,000. 24.13% of the stock is owned by hedge funds and other institutional investors.

HighPeak Energy Trading Up 3.4%

Shares of HPK opened at $4.82 on Wednesday. HighPeak Energy has a 12-month low of $3.85 and a 12-month high of $14.99. The firm has a market capitalization of $605.34 million, a P/E ratio of 13.39 and a beta of 0.64. The firm has a 50-day moving average price of $4.85 and a 200 day moving average price of $6.42. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.71.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The firm had revenue of $188.86 million during the quarter, compared to analyst estimates of $224.48 million. HighPeak Energy had a net margin of 6.03% and a return on equity of 4.23%. The business’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts forecast that HighPeak Energy will post 0.78 EPS for the current year.

About HighPeak Energy

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.