Ieq Capital LLC Purchases Shares of 142,508 HighPeak Energy, Inc. $HPK

Ieq Capital LLC purchased a new position in HighPeak Energy, Inc. (NASDAQ:HPK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 142,508 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of HighPeak Energy in the fourth quarter valued at $29,000. Allworth Financial LP acquired a new position in HighPeak Energy during the 2nd quarter worth $37,000. Stokes Family Office LLC acquired a new position in HighPeak Energy during the 4th quarter worth $48,000. Raymond James Financial Inc. acquired a new position in HighPeak Energy during the 2nd quarter worth $49,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in HighPeak Energy during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reissued a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.00.

HighPeak Energy Stock Performance

Shares of HighPeak Energy stock opened at $8.00 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -10.13 and a beta of 0.35. 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 firm’s 50 day moving average is $7.30 and its two-hundred day moving average is $6.75.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Monday, August 10th. The company reported $0.59 earnings per share 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 analysts’ expectations 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 for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. Research analysts forecast that HighPeak Energy, Inc. will post -0.08 EPS for the current fiscal 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.