HighPeak Energy (NASDAQ:HPK) Stock Price Down 3.8% - What's Next?

Key Points

• Shares of HighPeak Energy were down 3.8%, trading as low as $6.13 with about 119,814 shares changing hands—a roughly 88% drop versus average daily volume.
• Analyst sentiment is mixed: MarketBeat shows a consensus rating of Hold with a consensus target price of $12.00, while recent research notes include downgrades from Wall Street Zen and Weiss Ratings and a Zacks upgrade to Hold.
• Fundamentals show a market cap of ~$757.5M and a PE of 66.6; the company reported $0.82 EPS for the last quarter and sell-side analysts expect about 0.78 EPS for the current fiscal year, with roughly 24% institutional ownership.

Shares of HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report) were down 3.8% on Tuesday . The company traded as low as $6.13 and last traded at $6.1260. Approximately 119,814 shares were traded during trading, a decline of 88% from the average daily volume of 1,015,916 shares. The stock had previously closed at $6.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen lowered HighPeak Energy from a "sell" rating to a "strong sell" rating in a research report on Sunday. Weiss Ratings reissued a "sell (d+)" rating on shares of HighPeak Energy in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of HighPeak Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HighPeak Energy presently has a consensus rating of "Hold" and a consensus target price of $12.00.

HighPeak Energy Trading Down 5.9%

The firm has a market capitalization of $757.52 million, a PE ratio of 66.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.13 and a quick ratio of 1.10. The company has a fifty day moving average of $5.86 and a 200-day moving average of $5.71.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its earnings results on Saturday, January 31st. The company reported $0.82 earnings per share for the quarter. HighPeak Energy had a return on equity of 2.11% and a net margin of 2.33%. On average, sell-side analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of HighPeak Energy

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of HighPeak Energy by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company's stock worth $18,850,000 after purchasing an additional 94,834 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of HighPeak Energy by 12.4% in the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company's stock valued at $6,273,000 after purchasing an additional 70,590 shares during the last quarter. Denali Advisors LLC boosted its holdings in HighPeak Energy by 6.0% in the fourth quarter. Denali Advisors LLC now owns 617,628 shares of the company's stock worth $2,928,000 after purchasing an additional 35,096 shares in the last quarter. State Street Corp increased its position in HighPeak Energy by 12.9% during the fourth quarter. State Street Corp now owns 558,108 shares of the company's stock worth $2,645,000 after buying an additional 63,919 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in HighPeak Energy by 3.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 478,462 shares of the company's stock worth $3,383,000 after buying an additional 16,705 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

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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