HighPeak Energy (NASDAQ:HPK) Shares Down 5.3% - Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report)'s share price traded down 5.3% during trading on Monday . The stock traded as low as $9.15 and last traded at $9.04. 65,292 shares changed hands during trading, a decline of 78% from the average session volume of 299,767 shares. The stock had previously closed at $9.55.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on HighPeak Energy from $15.00 to $13.00 and set a "hold" rating for the company in a research note on Thursday, March 13th. Bank of America assumed coverage on HighPeak Energy in a research report on Monday, April 7th. They issued an "underperform" rating and a $10.00 price objective for the company.

HighPeak Energy Stock Performance

The stock's 50 day moving average is $10.73 and its two-hundred day moving average is $13.05. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.56 and a beta of 0.82. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The firm had revenue of $234.81 million for the quarter, compared to analyst estimates of $247.32 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm's quarterly revenue was down 22.0% on a year-over-year basis. Analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were issued a $0.04 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.92%. HighPeak Energy's dividend payout ratio (DPR) is presently 23.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in shares of HighPeak Energy during the 4th quarter worth about $26,000. KLP Kapitalforvaltning AS acquired a new position in HighPeak Energy during the fourth quarter valued at approximately $112,000. AlphaQuest LLC grew its stake in HighPeak Energy by 509.9% in the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company's stock valued at $118,000 after purchasing an additional 6,726 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of HighPeak Energy by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 9,180 shares of the company's stock worth $135,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of HighPeak Energy by 1,262.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 9,238 shares of the company's stock worth $117,000 after purchasing an additional 8,560 shares in the last quarter. Institutional investors own 24.13% of the company's stock.

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.