HighPeak Energy (NASDAQ:HPK) Trading Up 8.1% - Still a Buy?

Key Points

• HighPeak Energy shares rose 8.1% to $7.78 in Monday trading, although volume was 68% below the stock’s average daily level.
• Analyst sentiment remains mixed: the consensus rating is “Hold”, with one Strong Buy, one Hold and one Sell rating, and a consensus price target of $12.00.
• Institutional investors own 24.13% of the company, while HighPeak’s financial metrics include a $998.24 million market capitalization, 0.75 debt-to-equity ratio and negative price-to-earnings ratio.

HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report) shares traded up 8.1% on Monday . The stock traded as high as $7.83 and last traded at $7.78. Approximately 273,760 shares changed hands during trading, a decline of 68% from the average daily volume of 851,652 shares. The stock had previously closed at $7.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of HighPeak Energy from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Wall Street Zen cut shares of HighPeak Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.00.

HighPeak Energy Stock Up 9.7%

The company has a fifty day moving average price of $7.26 and a 200 day moving average price of $6.41. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.67 and a quick ratio of 0.66. The company has a market cap of $998.24 million, a PE ratio of -6.65 and a beta of 0.35.

Institutional Trading of HighPeak Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its position in HighPeak Energy by 1.9% during the 1st quarter. Empowered Funds LLC now owns 186,174 shares of the company's stock valued at $2,357,000 after acquiring an additional 3,431 shares during the period. Alliancebernstein L.P. grew its holdings in HighPeak Energy by 8.1% in the third quarter. Alliancebernstein L.P. now owns 46,540 shares of the company's stock worth $329,000 after purchasing an additional 3,500 shares during the period. Strs Ohio bought a new position in shares of HighPeak Energy during the first quarter valued at approximately $60,000. Intech Investment Management LLC increased its stake in shares of HighPeak Energy by 46.4% during the third quarter. Intech Investment Management LLC now owns 15,251 shares of the company's stock valued at $108,000 after purchasing an additional 4,831 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of HighPeak Energy by 23.6% during the second quarter. Rhumbline Advisers now owns 25,483 shares of the company's stock valued at $250,000 after purchasing an additional 4,864 shares during the last quarter. Hedge funds and other institutional investors own 24.13% of the company's stock.

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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