HighPeak Energy (NASDAQ:HPK) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded HighPeak Energy from “Hold” to “Sell,” while the broader analyst consensus remains “Hold” with a $12.00 price target.
• HighPeak reported quarterly revenue of $215.89 million, exceeding estimates, but posted a $0.02 per-share loss and revenue declined 20.7% year over year; analysts expect a full-year loss of $0.08 per share.
• HPK shares opened at $7.20, with a market capitalization of about $909.8 million and a trading range of $3.85 to $8.97 over the past year. Institutional investors own 24.13% of the company.

HighPeak Energy (NASDAQ:HPK - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other research analysts also recently commented on HPK. Zacks Research upgraded HighPeak Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Weiss Ratings reiterated a "sell (d)" rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.00.

HighPeak Energy Price Performance

HighPeak Energy stock opened at $7.20 on Friday. The firm has a market capitalization of $909.79 million, a P/E ratio of -6.05 and a beta of 0.35. HighPeak Energy has a one year low of $3.85 and a one year high of $8.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.67 and a quick ratio of 0.66. The business has a fifty day moving average price of $7.26 and a 200-day moving average price of $6.40.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.02). The company had revenue of $215.89 million for the quarter, compared to analyst estimates of $210.14 million. HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.The firm's revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. As a group, equities research analysts forecast that HighPeak Energy will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of HighPeak Energy in the fourth quarter worth $29,000. Stokes Family Office LLC purchased a new position in HighPeak Energy during the fourth quarter worth about $48,000. Raymond James Financial Inc. purchased a new position in HighPeak Energy during the second quarter worth about $49,000. State of Alaska Department of Revenue increased its stake in HighPeak Energy by 135.5% in the 4th quarter. State of Alaska Department of Revenue now owns 10,624 shares of the company's stock worth $50,000 after acquiring an additional 6,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in HighPeak Energy in the 4th quarter worth about $51,000. Institutional investors own 24.13% of the company's stock.

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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