HighPeak Energy (NASDAQ:HPK) Issues Earnings Results, Misses Estimates By $0.02 EPS

HighPeak Energy (NASDAQ:HPK) posted its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02), Briefing.com reports. The firm had revenue of $287.80 million during the quarter, compared to analysts’ expectations of $284.38 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. HighPeak Energy’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share.

HighPeak Energy Trading Down 1.0 %

Shares of NASDAQ HPK traded down $0.15 during midday trading on Friday, hitting $15.56. 47,489 shares of the company traded hands, compared to its average volume of 342,793. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.12 and a current ratio of 1.14. HighPeak Energy has a 12-month low of $10.44 and a 12-month high of $18.42. The stock has a 50-day moving average price of $15.34 and a 200 day moving average price of $15.18. The firm has a market cap of $2.00 billion, a P/E ratio of 9.94 and a beta of 0.67.

HighPeak Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, June 3rd. HighPeak Energy’s payout ratio is currently 10.13%.

Analyst Ratings Changes

Separately, Truist Financial lowered their price target on shares of HighPeak Energy from $11.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, April 5th.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.