Q1 2024 EPS Estimates for HighPeak Energy, Inc. (NASDAQ:HPK) Increased by Roth Capital

HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) - Roth Capital upped their Q1 2024 earnings estimates for HighPeak Energy in a note issued to investors on Monday, March 25th. Roth Capital analyst J. White now anticipates that the company will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.27. The consensus estimate for HighPeak Energy's current full-year earnings is $1.45 per share. Roth Capital also issued estimates for HighPeak Energy's Q2 2024 earnings at $0.36 EPS, Q3 2024 earnings at $0.48 EPS, Q4 2024 earnings at $0.58 EPS and FY2024 earnings at $1.75 EPS.

HighPeak Energy Price Performance

NASDAQ HPK traded down $0.19 on Thursday, reaching $15.77. The company's stock had a trading volume of 448,475 shares, compared to its average volume of 365,569. The firm has a market cap of $2.03 billion, a PE ratio of 10.10 and a beta of 0.64. The business has a 50-day moving average price of $15.02 and a 200 day moving average price of $15.45. HighPeak Energy has a 52 week low of $10.44 and a 52 week high of $25.05. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.66.

Institutional Trading of HighPeak Energy

Several large investors have recently added to or reduced their stakes in HPK. Citigroup Inc. lifted its position in shares of HighPeak Energy by 943.3% during the second quarter. Citigroup Inc. now owns 3,182 shares of the company's stock worth $35,000 after purchasing an additional 2,877 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of HighPeak Energy by 36.3% during the second quarter. California State Teachers Retirement System now owns 3,541 shares of the company's stock worth $39,000 after purchasing an additional 944 shares in the last quarter. Barclays PLC lifted its position in shares of HighPeak Energy by 555.9% during the fourth quarter. Barclays PLC now owns 1,876 shares of the company's stock worth $42,000 after purchasing an additional 1,590 shares in the last quarter. Shell Asset Management Co. acquired a new position in shares of HighPeak Energy during the fourth quarter worth approximately $54,000. Finally, Wells Fargo & Company MN lifted its position in shares of HighPeak Energy by 100.5% during the second quarter. Wells Fargo & Company MN now owns 5,996 shares of the company's stock worth $65,000 after purchasing an additional 3,005 shares in the last quarter. 24.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jack Hightower acquired 50,000 shares of the firm's stock in a transaction on Friday, December 29th. The shares were purchased at an average cost of $14.69 per share, with a total value of $734,500.00. Following the completion of the purchase, the chief executive officer now owns 4,672,863 shares of the company's stock, valued at $68,644,357.47. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 83.80% of the company's stock.

HighPeak Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 1st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.01%. This is a boost from HighPeak Energy's previous quarterly dividend of $0.03. The ex-dividend date was Thursday, February 29th. HighPeak Energy's dividend payout ratio is currently 10.13%.

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.