1,881,769 Shares in HighPeak Energy, Inc. $HPK Bought by BlackRock Inc.

Key Points

• BlackRock acquired 1,881,769 HighPeak Energy shares in the second quarter, valued at approximately $13.2 million and representing about 1.49% of the company. Institutional investors collectively own 24.13% of HPK.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell. MarketBeat’s consensus rating is Hold, with an average price target of $12.00.
• HighPeak Energy reported quarterly revenue of $272.4 million, up 25.8% year over year, and earnings of $0.59 per share, substantially beating the $0.02 consensus estimate.

BlackRock Inc. bought a new position in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,881,769 shares of the company's stock, valued at approximately $13,154,000. BlackRock Inc. owned about 1.49% of HighPeak Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in shares of HighPeak Energy by 1.9% during 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 in the last quarter. Jane Street Group LLC increased its stake in shares of HighPeak Energy by 79.6% in the first quarter. Jane Street Group LLC now owns 20,368 shares of the company's stock valued at $258,000 after buying an additional 9,029 shares during the period. Strs Ohio bought a new position in HighPeak Energy in the 1st quarter valued at approximately $60,000. Geode Capital Management LLC raised its holdings in HighPeak Energy by 12.4% in the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company's stock valued at $6,273,000 after buying an additional 70,590 shares during the last quarter. Finally, Creative Planning acquired a new position in HighPeak Energy in the 2nd quarter valued at approximately $225,000. 24.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

HPK has been the subject of a number of recent research reports. Weiss Ratings restated a "sell (d)" rating on shares of HighPeak Energy in a report on Monday. Zacks Research raised HighPeak Energy from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Finally, Wall Street Zen upgraded HighPeak Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $12.00.

HighPeak Energy Trading Down 2.9%

Shares of HighPeak Energy stock opened at $8.05 on Friday. The company has a market capitalization of $1.02 billion, a P/E ratio of -10.19 and a beta of 0.39. The stock has a fifty day simple moving average of $7.43 and a 200 day simple moving average of $6.88. HighPeak Energy, Inc. has a 12-month low of $3.85 and a 12-month high of $9.13. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.57. HighPeak Energy had a negative return on equity of 1.44% and a negative net margin of 10.52%.The business had revenue of $272.42 million for the quarter, compared to analysts' expectations of $240.03 million. During the same period last year, the business earned $0.10 EPS. The business's revenue was up 25.8% on a year-over-year basis. On average, sell-side analysts anticipate that HighPeak Energy, Inc. will post -0.08 earnings per share for the current fiscal year.

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.

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