HighPeak Energy (NASDAQ:HPK) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• HighPeak Energy has been assigned a "sell (D+)" rating by Weiss Ratings, indicating a negative outlook for the stock.
• The company's recent quarterly earnings showed a miss on EPS estimates, with $0.10 reported compared to an expected $0.11 and a revenue decline of 27.2% year-over-year.
• Institutional investors hold approximately 24.13% of HighPeak Energy's shares, with new acquisitions from several firms, reflecting potential interest despite the negative ratings.

HighPeak Energy (NASDAQ:HPK - Get Free Report)'s stock had its "sell (d+)" rating reissued by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut HighPeak Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, HighPeak Energy has an average rating of "Sell" and an average target price of $11.50.

HighPeak Energy Stock Performance

Shares of HPK opened at $7.05 on Wednesday. The stock has a 50 day moving average price of $7.56 and a 200 day moving average price of $9.13. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $889.22 million, a price-to-earnings ratio of 8.20 and a beta of 1.21. HighPeak Energy has a 52-week low of $6.60 and a 52-week high of $15.72.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HPK. Raymond James Financial Inc. acquired a new position in HighPeak Energy during the second quarter worth $49,000. Strs Ohio acquired a new position in HighPeak Energy during the first quarter worth $60,000. Arrowstreet Capital Limited Partnership acquired a new position in HighPeak Energy during the second quarter worth $109,000. Exchange Traded Concepts LLC grew its holdings in HighPeak Energy by 1,262.5% during 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 period. Finally, OMERS ADMINISTRATION Corp acquired a new position in HighPeak Energy during the first quarter worth $134,000. Institutional investors and hedge funds own 24.13% of the company's stock.

About HighPeak Energy

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.

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