HighPeak Energy (NASDAQ:HPK) Trading Down 6.9% – Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK)’s share price dropped 6.9% on Thursday . The stock traded as low as $4.63 and last traded at $4.60. Approximately 44,395 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 731,285 shares. The stock had previously closed at $4.94.

Analyst Ratings Changes

HPK has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. Wall Street Zen lowered HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Roth Capital began coverage on HighPeak Energy in a research report on Monday, October 13th. They set a “buy” rating and a $12.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HighPeak Energy presently has a consensus rating of “Hold” and a consensus target price of $11.67.

HighPeak Energy Stock Performance

The stock has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $6.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.58 and a current ratio of 1.65. The stock has a market cap of $585.86 million, a price-to-earnings ratio of 12.96 and a beta of 0.65.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The business had revenue of $188.86 million for the quarter, compared to the consensus estimate of $224.48 million. HighPeak Energy had a return on equity of 4.23% and a net margin of 6.03%.HighPeak Energy’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Analysts expect that HighPeak Energy, Inc. will post 0.78 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 1st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, December 1st. HighPeak Energy’s dividend payout ratio (DPR) is presently 44.44%.

Hedge Funds Weigh In On HighPeak Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC boosted its stake in shares of HighPeak Energy by 0.5% during the second quarter. Sanders Morris Harris LLC now owns 355,146 shares of the company’s stock valued at $3,480,000 after purchasing an additional 1,600 shares in the last quarter. Empowered Funds LLC increased its position in HighPeak Energy by 1.9% in the 1st quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock valued at $2,357,000 after acquiring an additional 3,431 shares during the period. Alliancebernstein L.P. raised its stake in shares of HighPeak Energy by 8.1% during the third quarter. Alliancebernstein L.P. now owns 46,540 shares of the company’s stock valued at $329,000 after acquiring an additional 3,500 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of HighPeak Energy by 29.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,266 shares of the company’s stock worth $159,000 after purchasing an additional 3,722 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in HighPeak Energy in the third quarter valued at $31,000. Institutional investors 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.