HighPeak Energy (NASDAQ:HPK) Posts Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• HighPeak Energy reported a quarterly earnings per share (EPS) of $0.10, which missed analysts' estimates of $0.11 by $0.01.
• The company's stock price decreased by $0.33 during trading hours, reaching $8.43, with a market capitalization of $1.06 billion.
• Institutional investors own 24.13% of HighPeak Energy's stock, with notable increases in stakes from firms like Geode Capital Management and Jane Street Group.

HighPeak Energy (NASDAQ:HPK - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01), Zacks reports. HighPeak Energy had a return on equity of 8.79% and a net margin of 12.03%.

HighPeak Energy Price Performance

NASDAQ:HPK traded down $0.33 during trading hours on Monday, hitting $8.43. 646,446 shares of the company's stock traded hands, compared to its average volume of 338,277. The firm has a market cap of $1.06 billion, a P/E ratio of 9.58 and a beta of 1.06. HighPeak Energy has a 52 week low of $7.82 and a 52 week high of $16.56. The business's fifty day simple moving average is $9.99 and its two-hundred day simple moving average is $10.81. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 0.55.

Institutional Investors Weigh In On HighPeak Energy

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in HighPeak Energy by 12.4% during the second quarter. Geode Capital Management LLC now owns 640,028 shares of the company's stock worth $6,273,000 after purchasing an additional 70,590 shares during the last quarter. Creative Planning bought a new stake in HighPeak Energy during the second quarter worth about $225,000. Jane Street Group LLC lifted its stake in HighPeak Energy by 79.6% during the first quarter. Jane Street Group LLC now owns 20,368 shares of the company's stock worth $258,000 after purchasing an additional 9,029 shares during the last quarter. Strs Ohio bought a new stake in HighPeak Energy during the first quarter worth about $60,000. Finally, Empowered Funds LLC increased its holdings in shares of HighPeak Energy by 1.9% in the first quarter. Empowered Funds LLC now owns 186,174 shares of the company's stock worth $2,357,000 after buying an additional 3,431 shares during the period. Institutional investors own 24.13% of the company's stock.

HighPeak Energy Company 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.

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