HighPeak Energy (NASDAQ:HPK) Reaches New 12-Month Low – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK) reached a new 52-week low on Friday . The company traded as low as $5.16 and last traded at $5.19, with a volume of 90462 shares changing hands. The stock had previously closed at $5.28.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HPK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research note on Monday, December 8th. Roth Capital initiated coverage on HighPeak Energy in a research note on Monday, October 13th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Wall Street Zen downgraded shares of HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, HighPeak Energy currently has an average rating of “Hold” and a consensus target price of $11.67.

HighPeak Energy Price Performance

The stock has a fifty day moving average of $6.31 and a two-hundred day moving average of $7.97. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $616.65 million, a price-to-earnings ratio of 13.64 and a beta of 1.06.

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

HighPeak Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 1st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, December 1st. HighPeak Energy’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Trading of HighPeak Energy

Several hedge funds have recently modified their holdings of HPK. Vanguard Group Inc. increased its holdings in shares of HighPeak Energy by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,375,805 shares of the company’s stock valued at $30,078,000 after purchasing an additional 216,954 shares in the last quarter. Deutsche Bank AG boosted its position in HighPeak Energy by 15.5% in the 1st quarter. Deutsche Bank AG now owns 23,680 shares of the company’s stock valued at $300,000 after buying an additional 3,170 shares during the last quarter. Nuveen LLC acquired a new stake in shares of HighPeak Energy in the 1st quarter valued at $382,000. American Century Companies Inc. raised its position in shares of HighPeak Energy by 13.7% during the first quarter. American Century Companies Inc. now owns 812,144 shares of the company’s stock worth $10,282,000 after acquiring an additional 98,084 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of HighPeak Energy during the first quarter worth $216,000. 24.13% of the stock is owned by institutional investors.

About HighPeak Energy

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.