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

HighPeak Energy (NASDAQ:HPK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

HPK has been the subject of several other research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of HighPeak Energy in a research report on Wednesday, October 8th. Roth Capital assumed coverage on shares of HighPeak Energy in a research report on Monday, October 13th. They issued a "buy" rating and a $12.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, HighPeak Energy has an average rating of "Hold" and a consensus target price of $11.67.

HighPeak Energy Stock Down 2.5%

Shares of NASDAQ:HPK opened at $6.98 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.82. The firm has a market capitalization of $880.39 million, a PE ratio of 8.12 and a beta of 1.21. The firm's 50-day moving average is $7.22 and its two-hundred day moving average is $8.74. HighPeak Energy has a 1 year low of $6.60 and a 1 year high of $15.72.

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

Institutional Trading of HighPeak Energy

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of HighPeak Energy by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,805 shares of the company's stock valued at $30,078,000 after purchasing an additional 216,954 shares in the last quarter. American Century Companies Inc. lifted its position in HighPeak Energy by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 884,695 shares of the company's stock worth $8,670,000 after acquiring an additional 72,551 shares in the last quarter. Geode Capital Management LLC lifted its position in HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company's stock worth $6,273,000 after acquiring an additional 70,590 shares in the last quarter. Denali Advisors LLC lifted its position in HighPeak Energy by 10.8% during the 2nd quarter. Denali Advisors LLC now owns 522,525 shares of the company's stock worth $5,121,000 after acquiring an additional 50,977 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in HighPeak Energy by 54.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 461,757 shares of the company's stock worth $4,525,000 after acquiring an additional 163,720 shares in the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

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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