Bank of New York Mellon Corp Makes New $1.19 Million Investment in HighPeak Energy, Inc. $HPK

Key Points

• Bank of New York Mellon acquired 169,913 HighPeak Energy shares worth approximately $1.19 million, giving it a 0.13% stake. Institutional investors collectively own 24.13% of the company.
• HighPeak Energy reported quarterly EPS of $0.59, beating the $0.02 consensus estimate, while revenue rose 25.8% year over year to $272.42 million.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell; the consensus rating is Hold, with an average price target of $12.00 versus the reported share price of $8.21.

Bank of New York Mellon Corp purchased a new stake in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 169,913 shares of the company's stock, valued at approximately $1,188,000. Bank of New York Mellon Corp owned 0.13% of HighPeak Energy at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of 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 buying an additional 3,431 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of HighPeak Energy by 8.1% in the 3rd quarter. Alliancebernstein L.P. now owns 46,540 shares of the company's stock valued at $329,000 after purchasing an additional 3,500 shares during the period. Strs Ohio acquired a new position in shares of HighPeak Energy in the 1st quarter valued at approximately $60,000. Intech Investment Management LLC increased its stake in HighPeak Energy by 46.4% during the 3rd quarter. Intech Investment Management LLC now owns 15,251 shares of the company's stock worth $108,000 after purchasing an additional 4,831 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in HighPeak Energy by 23.6% during the 2nd quarter. Rhumbline Advisers now owns 25,483 shares of the company's stock worth $250,000 after purchasing an additional 4,864 shares in the last quarter. Institutional investors own 24.13% of the company's stock.

HighPeak Energy Stock Performance

Shares of HPK stock opened at $8.21 on Thursday. HighPeak Energy, Inc. has a 12 month low of $3.85 and a 12 month high of $9.13. The company's fifty day simple moving average is $7.51 and its 200-day simple moving average is $6.95. The firm has a market cap of $1.04 billion, a PE ratio of -10.39 and a beta of 0.39. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.69.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of HighPeak Energy in a report on Monday, August 31st. Wall Street Zen upgraded shares of HighPeak Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 16th. Finally, Zacks Research raised shares of HighPeak Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.00.

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.

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