Shares of HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report) dropped 6.8% during mid-day trading on Monday . The stock traded as low as $10.88 and last traded at $10.71. Approximately 111,179 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 305,320 shares. The stock had previously closed at $11.48.
Analyst Ratings Changes
HPK has been the subject of several analyst reports. Bank of America initiated coverage on HighPeak Energy in a report on Monday, April 7th. They issued an "underperform" rating and a $10.00 price objective for the company. Truist Financial decreased their price objective on HighPeak Energy from $15.00 to $13.00 and set a "hold" rating for the company in a report on Thursday, March 13th.
Check Out Our Latest Report on HPK
HighPeak Energy Trading Up 3.4%
The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 11.41 and a beta of 1.06. The company has a fifty day moving average price of $9.90 and a 200-day moving average price of $11.99. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.55.
HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $257.45 million during the quarter, compared to analysts' expectations of $255.33 million. HighPeak Energy had a return on equity of 8.79% and a net margin of 12.03%. The company's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. As a group, research analysts expect that HighPeak Energy, Inc. will post 0.78 EPS for the current year.
HighPeak Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Monday, June 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.59%. HighPeak Energy's payout ratio is 18.18%.
Hedge Funds Weigh In On HighPeak Energy
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in HighPeak Energy by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,805 shares of the company's stock worth $30,078,000 after purchasing an additional 216,954 shares during the period. American Century Companies Inc. raised its holdings in HighPeak Energy by 13.7% in the 1st quarter. American Century Companies Inc. now owns 812,144 shares of the company's stock worth $10,282,000 after purchasing an additional 98,084 shares during the period. Denali Advisors LLC raised its holdings in HighPeak Energy by 3.0% in the 1st quarter. Denali Advisors LLC now owns 471,548 shares of the company's stock worth $5,970,000 after purchasing an additional 13,719 shares during the period. Bank of New York Mellon Corp raised its holdings in HighPeak Energy by 54.3% in the 4th quarter. Bank of New York Mellon Corp now owns 467,294 shares of the company's stock worth $6,869,000 after purchasing an additional 164,398 shares during the period. Finally, Corigliano Investment Advisers LLC acquired a new position in HighPeak Energy in the 4th quarter worth about $4,762,000. Institutional investors and hedge funds own 24.13% of the company's stock.
About HighPeak Energy
(
Get Free Report)
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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