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

Key Points

• HighPeak Energy was upgraded by Wall Street Zen from “sell” to “hold”, though Zacks Research separately cut the stock to “strong sell”. Overall, MarketBeat shows a consensus rating of Hold with a target price of $12.00.
• The stock opened at $5.82 and has a market cap of about $735.4 million. It has traded between $3.85 and $12.00 over the past year.
• In its latest quarterly results, HighPeak Energy reported EPS of -$0.02, matching expectations, while revenue of $215.89 million beat estimates. However, revenue was still down 20.7% year over year and the company remains unprofitable.

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

Separately, Zacks Research downgraded shares of HighPeak Energy from a "hold" rating to a "strong sell" rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, HighPeak Energy has a consensus rating of "Hold" and a consensus target price of $12.00.

HighPeak Energy Stock Performance

Shares of NASDAQ:HPK opened at $5.82 on Friday. The company has a market cap of $735.42 million, a price-to-earnings ratio of -4.89 and a beta of 0.34. The company has a 50-day moving average price of $6.23 and a 200-day moving average price of $5.61. The company has a current ratio of 0.67, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75. HighPeak Energy has a 12 month low of $3.85 and a 12 month high of $12.00.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $215.89 million during the quarter, compared to the consensus estimate of $210.14 million. HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%. The company's quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, equities analysts anticipate that HighPeak Energy will post -0.34 EPS for the current year.

Hedge Funds Weigh In On HighPeak Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of HighPeak Energy during the third quarter valued at approximately $31,000. Strs Ohio bought a new position in shares of HighPeak Energy during the first quarter valued at approximately $60,000. Raymond James Financial Inc. bought a new position in shares of HighPeak Energy during the second quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd bought a new position in shares of HighPeak Energy during the fourth quarter valued at approximately $29,000. Finally, Kestra Advisory Services LLC bought a new position in shares of HighPeak Energy during the first quarter valued at approximately $70,000. Institutional investors own 24.13% of the company's stock.

About HighPeak Energy

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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