HighPeak Energy (NASDAQ:HPK - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.
HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $301.15 million for the quarter, compared to analyst estimates of $329.85 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. On average, analysts expect HighPeak Energy to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
HighPeak Energy Price Performance
Shares of NASDAQ:HPK traded down $0.43 during trading on Wednesday, reaching $13.78. The stock had a trading volume of 252,696 shares, compared to its average volume of 344,434. The business has a fifty day moving average price of $15.56 and a 200-day moving average price of $15.30. The stock has a market cap of $1.77 billion, a PE ratio of 8.72 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.12 and a current ratio of 1.14. HighPeak Energy has a 1-year low of $10.44 and a 1-year high of $19.08.
HighPeak Energy Increases Dividend
The business 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. The ex-dividend date was Thursday, February 29th. This represents a $0.16 dividend on an annualized basis and a yield of 1.16%. This is a positive change from HighPeak Energy's previous quarterly dividend of $0.03. HighPeak Energy's payout ratio is 10.13%.
Analyst Ratings Changes
Separately, Truist Financial lowered their price objective on HighPeak Energy from $11.00 to $10.00 and set a "sell" rating on the stock in a research note on Friday, April 5th.
Check Out Our Latest Report on HighPeak Energy
About HighPeak Energy
(
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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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