Trexquant Investment LP Makes New $645,000 Investment in HighPeak Energy, Inc. $HPK

Key Points

• Trexquant Investment LP has acquired a new position in HighPeak Energy, Inc., purchasing 50,975 shares valued at approximately $645,000.
• HighPeak Energy reported earnings per share (EPS) of $0.10 for the recent quarter, missing the estimate of $0.11, and the company's revenue was down 27.2% year-over-year.
• HighPeak Energy recently announced a quarterly dividend of $0.04 per share, representing an annualized yield of 2.1% with a dividend payout ratio of 18.60%.

Trexquant Investment LP purchased a new position in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,975 shares of the company's stock, valued at approximately $645,000.

A number of other institutional investors also recently added to or reduced their stakes in HPK. BNP Paribas Financial Markets purchased a new position in HighPeak Energy in the fourth quarter worth approximately $26,000. Exchange Traded Concepts LLC lifted its stake in HighPeak Energy by 1,262.5% in the first quarter. Exchange Traded Concepts LLC now owns 9,238 shares of the company's stock worth $117,000 after acquiring an additional 8,560 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in HighPeak Energy in the first quarter worth approximately $134,000. Wells Fargo & Company MN lifted its stake in HighPeak Energy by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 9,180 shares of the company's stock worth $135,000 after acquiring an additional 1,857 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of HighPeak Energy during the 4th quarter worth approximately $148,000. Hedge funds and other institutional investors own 24.13% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of HighPeak Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $11.50.

HighPeak Energy Stock Performance

NASDAQ:HPK traded down $0.12 during trading hours on Friday, reaching $7.13. 319,779 shares of the company's stock were exchanged, compared to its average volume of 380,349. The firm has a market capitalization of $899.31 million, a price-to-earnings ratio of 8.29 and a beta of 1.24. The company has a 50-day moving average of $8.37 and a 200 day moving average of $9.74. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 0.62. HighPeak Energy, Inc. has a 1-year low of $7.00 and a 1-year high of $16.56.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The business had revenue of $200.40 million for the quarter, compared to analyst estimates of $210.87 million. HighPeak Energy had a return on equity of 7.10% and a net margin of 12.59%.The firm's revenue for the quarter was down 27.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Research analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 2.2%. HighPeak Energy's dividend payout ratio is currently 18.60%.

HighPeak Energy Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.