Q1 2024 EPS Estimates for HighPeak Energy, Inc. (NASDAQ:HPK) Raised by Analyst

HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) - Research analysts at Roth Capital upped their Q1 2024 earnings per share estimates for shares of HighPeak Energy in a research note issued on Thursday, April 25th. Roth Capital analyst J. White now forecasts that the company will earn $0.41 per share for the quarter, up from their previous estimate of $0.33. The consensus estimate for HighPeak Energy's current full-year earnings is $1.60 per share. Roth Capital also issued estimates for HighPeak Energy's Q3 2024 earnings at $0.58 EPS.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. The business had revenue of $301.15 million during the quarter, compared to the consensus estimate of $329.85 million.

Separately, Truist Financial reduced their target price on shares of HighPeak Energy from $11.00 to $10.00 and set a "sell" rating for the company in a research report on Friday, April 5th.

HighPeak Energy Stock Performance

HPK stock remained flat at $15.02 during mid-day trading on Monday. 272,804 shares of the company's stock traded hands, compared to its average volume of 347,199. HighPeak Energy has a 1 year low of $10.44 and a 1 year high of $19.96. The firm has a market cap of $1.93 billion, a PE ratio of 9.51 and a beta of 0.63. The business has a fifty day simple moving average of $15.64 and a 200 day simple moving average of $15.33. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.66.

Institutional Investors Weigh In On HighPeak Energy

Several hedge funds have recently modified their holdings of the company. Solstein Capital LLC boosted its position in HighPeak Energy by 20.0% during the 3rd quarter. Solstein Capital LLC now owns 6,000 shares of the company's stock worth $101,000 after buying an additional 1,000 shares during the period. ORG Partners LLC acquired a new position in shares of HighPeak Energy during the third quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in HighPeak Energy in the fourth quarter valued at $117,000. Raymond James Financial Services Advisors Inc. acquired a new stake in HighPeak Energy in the fourth quarter valued at $174,000. Finally, Commonwealth Equity Services LLC raised its position in HighPeak Energy by 10.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,102 shares of the company's stock worth $221,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors and hedge funds own 24.13% of the company's stock.

HighPeak Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 1st were paid a $0.04 dividend. This is an increase from HighPeak Energy's previous quarterly dividend of $0.03. The ex-dividend date was Thursday, February 29th. This represents a $0.16 annualized dividend and a yield of 1.07%. HighPeak Energy's dividend payout ratio is presently 10.13%.

About HighPeak Energy

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.