HighPeak Energy (NASDAQ:HPK) Rating Lowered to Sell at Wall Street Zen

HighPeak Energy (NASDAQ:HPK) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities research analysts have also issued reports on HPK. Zacks Research upgraded shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. One 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.00.

HighPeak Energy Price Performance

HPK stock opened at $7.20 on Friday. HighPeak Energy has a one year low of $3.85 and a one year high of $8.97. The firm has a 50-day moving average of $7.26 and a two-hundred day moving average of $6.41. The firm has a market capitalization of $909.79 million, a PE ratio of -6.05 and a beta of 0.35. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of HighPeak Energy by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock valued at $18,850,000 after purchasing an additional 94,834 shares during the period. BlackRock Inc. acquired a new stake in shares of HighPeak Energy during the second quarter worth approximately $13,154,000. Bank of New York Mellon Corp boosted its holdings in shares of HighPeak Energy by 6.9% during the first quarter. Bank of New York Mellon Corp now owns 868,683 shares of the company’s stock worth $5,994,000 after purchasing an additional 55,955 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of HighPeak Energy during the second quarter worth approximately $5,426,000. Finally, Geode Capital Management LLC grew its position in HighPeak Energy by 12.4% during the second quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after purchasing an additional 70,590 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

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.