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

HighPeak Energy (NASDAQ:HPK) released its quarterly earnings results on Monday. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02), Zacks reports. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%.

HighPeak Energy Stock Performance

NASDAQ:HPK traded up $0.80 during mid-day trading on Monday, reaching $9.94. The company’s stock had a trading volume of 596,706 shares, compared to its average volume of 304,755. The firm’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $12.85. HighPeak Energy has a 12-month low of $7.82 and a 12-month high of $17.48. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.25 billion, a P/E ratio of 7.83 and a beta of 0.99.

HighPeak Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 3rd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy’s payout ratio is 23.88%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of HighPeak Energy in a research report on Monday, April 7th. They set an “underperform” rating and a $10.00 price objective for the company. Truist Financial decreased their price objective on shares of HighPeak Energy from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 13th.

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.