HighPeak Energy (NASDAQ:HPK) Shares Up 5.7% – Should You Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) were up 5.7% on Monday . The stock traded as high as $7.42 and last traded at $7.4070. 72,222 shares were traded during trading, a decline of 92% from the average daily volume of 914,189 shares. The stock had previously closed at $7.01.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HPK shares. Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Zacks Research upgraded shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.00.

HighPeak Energy Price Performance

The company has a market cap of $924.94 million, a P/E ratio of -6.15 and a beta of 0.36. The company has a fifty day moving average price of $7.16 and a two-hundred day moving average price of $6.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.67.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (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 for the quarter, compared to analyst estimates of $210.14 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. HighPeak Energy’s revenue was down 20.7% on a year-over-year basis. On average, sell-side analysts anticipate that HighPeak Energy, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HighPeak Energy

Several large investors have recently made changes to their positions in the stock. Texas Capital Bank Wealth Management Services Inc bought a new position in HighPeak Energy during the fourth quarter worth about $2,257,000. Denali Advisors LLC raised its stake in 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 lifted its position 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 last quarter. Independent Financial Group LLC acquired a new stake in shares of HighPeak Energy in the first quarter valued at approximately $179,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of HighPeak Energy by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 868,683 shares of the company’s stock worth $5,994,000 after acquiring an additional 55,955 shares during the period. Institutional investors and hedge funds 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.