HighPeak Energy (NASDAQ:HPK) Stock Rating Upgraded by Wall Street Zen

Key Points

• HighPeak Energy's stock rating was upgraded from a "sell" to a "hold" by Wall Street Zen, indicating a shift in investor sentiment.
• The average analyst rating for HighPeak Energy is currently "Hold" with a consensus price target of $11.67.
• In its most recent quarter, HighPeak Energy reported earnings per share of $0.10, missing expectations, and experienced a 27.2% decline in revenue compared to the previous year.

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

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

HighPeak Energy Price Performance

Shares of HPK opened at $6.72 on Friday. The business's 50-day moving average is $7.29 and its two-hundred day moving average is $8.85. The company has a market capitalization of $847.59 million, a P/E ratio of 7.81 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 0.87. HighPeak Energy has a fifty-two week low of $6.60 and a fifty-two week high of $15.72.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanders Morris Harris LLC lifted its stake in HighPeak Energy by 0.5% in the 2nd quarter. Sanders Morris Harris LLC now owns 355,146 shares of the company's stock valued at $3,480,000 after buying an additional 1,600 shares in the last quarter. Deutsche Bank AG lifted its stake in HighPeak Energy by 15.5% in the 1st quarter. Deutsche Bank AG now owns 23,680 shares of the company's stock valued at $300,000 after buying an additional 3,170 shares in the last quarter. Empowered Funds LLC lifted its stake in HighPeak Energy by 1.9% in the 1st quarter. Empowered Funds LLC now owns 186,174 shares of the company's stock valued at $2,357,000 after buying an additional 3,431 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in HighPeak Energy by 29.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,266 shares of the company's stock valued at $159,000 after buying an additional 3,722 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in HighPeak Energy by 2.3% in the 3rd quarter. Voya Investment Management LLC now owns 199,963 shares of the company's stock valued at $1,414,000 after buying an additional 4,559 shares in the last quarter. 24.13% of the stock is owned by hedge funds and other institutional investors.

HighPeak Energy Company Profile

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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