HighPeak Energy (NASDAQ:HPK) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of HighPeak Energy (NASDAQ:HPK) from a hold rating to a sell rating in a research report report published on Saturday.

Several other equities analysts have also recently commented on HPK. Weiss Ratings reissued a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

HighPeak Energy Stock Up 5.0%

Shares of HPK opened at $7.20 on Friday. The stock has a market capitalization of $909.79 million, a PE ratio of -6.05 and a beta of 0.35. HighPeak Energy has a 1 year low of $3.85 and a 1 year high of $8.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.67. The company’s 50-day simple moving average is $7.26 and its 200-day simple moving average is $6.40.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%. The firm had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $210.14 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. Analysts forecast that HighPeak Energy will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of HighPeak Energy

A number of large investors have recently made changes to their positions in HPK. Texas Capital Bank Wealth Management Services Inc acquired a new stake in HighPeak Energy in the second quarter valued at approximately $5,426,000. BlackRock Inc. purchased a new stake in shares of HighPeak Energy in the 2nd quarter valued at approximately $13,154,000. Deutsche Bank AG purchased a new stake in shares of HighPeak Energy in the 2nd quarter valued at approximately $158,000. Bank of New York Mellon Corp purchased a new stake in shares of HighPeak Energy in the 2nd quarter valued at approximately $1,188,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of HighPeak Energy in the 2nd quarter valued at $724,000. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

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.