HighPeak Energy (NASDAQ:HPK) Sets New 12-Month Low – Time to Sell?

HighPeak Energy, Inc. (NASDAQ:HPK)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $3.86 and last traded at $3.89, with a volume of 2281444 shares trading hands. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Roth Mkm started coverage on HighPeak Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $12.00 price objective for the company. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.67.

HighPeak Energy Price Performance

The firm has a market capitalization of $494.82 million, a PE ratio of 10.94 and a beta of 0.65. The business has a 50-day moving average of $5.06 and a 200 day moving average of $6.70. 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 Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). HighPeak Energy had a return on equity of 4.23% and a net margin of 6.03%.The firm had revenue of $188.86 million for the quarter, compared to analysts’ expectations of $224.48 million. During the same period in the prior year, the firm earned $0.35 earnings per share. HighPeak Energy’s revenue was down 30.5% compared to the same quarter last year. As a group, research analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 1st were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, December 1st. HighPeak Energy’s dividend payout ratio (DPR) is 44.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HPK. State of Alaska Department of Revenue increased its holdings in HighPeak Energy by 135.5% in the 4th quarter. State of Alaska Department of Revenue now owns 10,624 shares of the company’s stock worth $50,000 after acquiring an additional 6,112 shares during the last quarter. Verition Fund Management LLC increased its stake in shares of HighPeak Energy by 59.2% in the third quarter. Verition Fund Management LLC now owns 46,079 shares of the company’s stock worth $326,000 after purchasing an additional 17,134 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of HighPeak Energy in the third quarter valued at approximately $79,000. Bank of America Corp DE raised its position in shares of HighPeak Energy by 831.1% in the third quarter. Bank of America Corp DE now owns 108,047 shares of the company’s stock valued at $764,000 after purchasing an additional 96,443 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of HighPeak Energy by 8.1% during the 3rd quarter. Alliancebernstein L.P. now owns 46,540 shares of the company’s stock valued at $329,000 after buying an additional 3,500 shares in the last quarter. 24.13% of the stock is owned by institutional investors.

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.