Empowered Funds LLC Invests $1.28 Million in HighPeak Energy, Inc. $HPK

Empowered Funds LLC bought a new stake in HighPeak Energy, Inc. (NASDAQ:HPK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 183,833 shares of the company’s stock, valued at approximately $1,285,000.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio purchased a new stake in HighPeak Energy in the first quarter worth $60,000. Raymond James Financial Inc. bought a new stake in shares of HighPeak Energy during the 2nd quarter valued at $49,000. Allworth Financial LP purchased a new stake in shares of HighPeak Energy in the 2nd quarter worth about $37,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of HighPeak Energy in the 4th quarter worth about $29,000. Finally, Kestra Advisory Services LLC bought a new position in shares of HighPeak Energy in the 1st quarter worth about $70,000. 24.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HPK shares. Zacks Research raised shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HighPeak Energy in a research report on Monday. Finally, Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. One research 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 company. According to data from MarketBeat.com, HighPeak Energy has an average rating of “Hold” and an average target price of $12.00.

HighPeak Energy Stock Performance

Shares of HPK stock opened at $8.05 on Friday. The firm has a market capitalization of $1.02 billion, a PE ratio of -10.19 and a beta of 0.39. HighPeak Energy, Inc. has a 52 week low of $3.85 and a 52 week high of $9.13. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average price of $7.43 and a 200-day moving average price of $6.88.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.57. The company had revenue of $272.42 million for the quarter, compared to the consensus estimate of $240.03 million. HighPeak Energy had a negative net margin of 10.52% and a negative return on equity of 1.44%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. As a group, equities research analysts expect that HighPeak Energy, Inc. will post -0.08 earnings per share for the current year.

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.