HighPeak Energy (NASDAQ:HPK) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded HighPeak Energy from “sell” to “hold,” while Zacks Research also recently raised its rating to “hold.” MarketBeat reports a consensus “Hold” rating and a $12.00 price target.
• HPK shares opened at $7.43, with a 12-month range of $3.85 to $9.13 and a market capitalization of approximately $939.5 million.
• Institutional investors own 24.13% of HighPeak Energy, with several firms recently increasing their positions, including AllianceBernstein, Intech Investment Management and Rhumbline Advisers.

HighPeak Energy (NASDAQ:HPK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Sunday.

HPK has been the topic of several other research reports. Zacks Research raised HighPeak Energy from a "strong sell" rating to a "hold" rating in a research report 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HighPeak Energy has a consensus rating of "Hold" and a consensus price target of $12.00.

HighPeak Energy Stock Performance

Shares of HPK opened at $7.43 on Friday. HighPeak Energy has a 12 month low of $3.85 and a 12 month high of $9.13. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 0.69. The company has a market cap of $939.52 million, a price-to-earnings ratio of -9.41 and a beta of 0.35. The business's fifty day simple moving average is $7.24 and its two-hundred day simple moving average is $6.52.

Institutional Trading of HighPeak Energy

Several institutional investors and hedge funds have recently modified their holdings of HPK. Empowered Funds LLC grew its stake in 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 purchasing an additional 3,431 shares in the last quarter. Alliancebernstein L.P. raised its position in HighPeak Energy by 8.1% during 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 in the last quarter. Strs Ohio bought a new stake in HighPeak Energy during the 1st quarter valued at $60,000. Intech Investment Management LLC raised its position in HighPeak Energy by 46.4% during the 3rd quarter. Intech Investment Management LLC now owns 15,251 shares of the company's stock valued at $108,000 after purchasing an additional 4,831 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of HighPeak Energy by 23.6% in the 2nd quarter. Rhumbline Advisers now owns 25,483 shares of the company's stock worth $250,000 after buying an additional 4,864 shares during the period. 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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