HighPeak Energy (NASDAQ:HPK) Shares Down 5.7% – What’s Next?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) fell 5.7% during trading on Monday . The company traded as low as $6.50 and last traded at $6.4390. 157,459 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,031,199 shares. The stock had previously closed at $6.83.

Analyst Ratings Changes

A number of research firms recently weighed in on HPK. Zacks Research raised shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.00.

HighPeak Energy Trading Up 7.0%

The company has a market cap of $866.57 million, a price-to-earnings ratio of 76.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a fifty day moving average price of $5.20 and a 200 day moving average price of $5.75.

HighPeak Energy (NASDAQ:HPK) last issued its earnings results on Saturday, January 31st. The company reported $0.82 earnings per share for the quarter. HighPeak Energy had a net margin of 2.33% and a return on equity of 2.11%. As a group, equities analysts predict that HighPeak Energy, Inc. will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors and hedge funds have recently modified their holdings of HPK. Caitong International Asset Management Co. Ltd acquired a new stake in HighPeak Energy in the 4th quarter valued at about $29,000. Alpine Global Management LLC bought a new stake in HighPeak Energy in the fourth quarter valued at approximately $200,000. Aristides Capital LLC acquired a new stake in shares of HighPeak Energy in the fourth quarter valued at approximately $194,000. XTX Topco Ltd lifted its position in shares of HighPeak Energy by 22.4% in the fourth quarter. XTX Topco Ltd now owns 59,225 shares of the company’s stock valued at $281,000 after buying an additional 10,856 shares during the last quarter. Finally, Stokes Family Office LLC bought a new position in shares of HighPeak Energy during the 4th quarter worth approximately $48,000. 24.13% of the stock is owned by institutional investors.

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.