HighPeak Energy (NASDAQ:HPK) Shares Down 4.6% – Here’s What Happened

HighPeak Energy, Inc. (NASDAQ:HPK) fell 4.6% during trading on Tuesday . The stock traded as low as $5.33 and last traded at $5.38. 332,766 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 953,282 shares. The stock had previously closed at $5.64.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HPK shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HighPeak Energy in a research note on Monday, December 29th. Zacks Research downgraded shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $11.67.

HighPeak Energy Trading Up 6.4%

The stock’s fifty day moving average price is $4.82 and its 200 day moving average price is $5.83. The stock has a market cap of $734.68 million, a P/E ratio of 16.25 and a beta of 0.64. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.71.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a net margin of 6.03% and a return on equity of 4.23%. Equities research analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HPK. Caitong International Asset Management Co. Ltd purchased a new stake in shares of HighPeak Energy in the fourth quarter worth $29,000. State of Alaska Department of Revenue bought a new position in shares of HighPeak Energy during the third quarter valued at $31,000. Stokes Family Office LLC purchased a new position in shares of HighPeak Energy in the 4th quarter worth about $48,000. Raymond James Financial Inc. bought a new position in HighPeak Energy in the 2nd quarter worth about $49,000. Finally, The Manufacturers Life Insurance Company bought a new position in HighPeak Energy in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.

HighPeak Energy Company 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.