476,190 Shares in HighPeak Energy, Inc. $HPK Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 476,190 shares of the company’s stock, valued at approximately $2,257,000.

Other hedge funds have also bought and sold shares of the company. Denali Advisors LLC raised its stake in shares of HighPeak Energy by 6.0% in the fourth quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock valued at $2,928,000 after buying an additional 35,096 shares during the period. State of Alaska Department of Revenue raised its stake in shares of HighPeak Energy by 135.5% in the fourth quarter. State of Alaska Department of Revenue now owns 10,624 shares of the company’s stock valued at $50,000 after buying an additional 6,112 shares during the period. Verition Fund Management LLC raised its stake in shares of HighPeak Energy by 59.2% in the third quarter. Verition Fund Management LLC now owns 46,079 shares of the company’s stock valued at $326,000 after buying an additional 17,134 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of HighPeak Energy in the third quarter valued at $79,000. Finally, Bank of America Corp DE raised its stake in shares of HighPeak Energy by 831.1% in the third quarter. Bank of America Corp DE now owns 108,047 shares of the company’s stock valued at $764,000 after buying an additional 96,443 shares during the period. 24.13% of the stock is currently owned by institutional investors.

HighPeak Energy Price Performance

Shares of NASDAQ HPK opened at $6.86 on Thursday. HighPeak Energy, Inc. has a fifty-two week low of $3.85 and a fifty-two week high of $12.00. The stock has a fifty day moving average of $6.66 and a 200-day moving average of $5.67. 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 stock has a market cap of $866.83 million, a PE ratio of -5.76 and a beta of 0.34.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.The business had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $210.14 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s revenue was down 20.7% on a year-over-year basis. Equities research analysts anticipate that HighPeak Energy, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HPK shares. Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy Profile

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.