HighPeak Energy (NASDAQ:HPK) Shares Down 16.3% – Time to Sell?

HighPeak Energy, Inc. (NASDAQ:HPK) was down 16.3% on Thursday . The stock traded as low as $5.11 and last traded at $5.17. Approximately 365,640 shares traded hands during trading, a decline of 63% from the average daily volume of 980,661 shares. The stock had previously closed at $6.18.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HPK shares. Wall Street Zen raised shares of HighPeak Energy from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.00.

HighPeak Energy Trading Up 4.1%

The company has a quick ratio of 1.10, a current ratio of 0.67 and a debt-to-equity ratio of 0.75. The firm has a market cap of $735.42 million, a price-to-earnings ratio of -4.89 and a beta of 0.34. The business’s fifty day moving average is $6.23 and its two-hundred day moving average is $5.61.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $215.89 million during the quarter, compared to analyst estimates of $210.14 million. HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%. HighPeak Energy’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. Equities analysts anticipate that HighPeak Energy, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of HighPeak Energy

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in HighPeak Energy during the 4th quarter worth $29,000. State of Alaska Department of Revenue acquired a new stake in HighPeak Energy during the 3rd quarter worth $31,000. Stokes Family Office LLC acquired a new stake in HighPeak Energy during the 4th quarter worth $48,000. Raymond James Financial Inc. acquired a new stake in HighPeak Energy during the 2nd quarter worth $49,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in HighPeak Energy during the 4th quarter worth $51,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

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.