HighPeak Energy (NASDAQ:HPK) Shares Down 8.1%

HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report) shares were down 8.1% during trading on Friday . The company traded as low as $14.32 and last traded at $14.44. Approximately 297,085 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 345,504 shares. The stock had previously closed at $15.71.

Wall Street Analysts Forecast Growth

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

HighPeak Energy Trading Down 8.7 %

The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.84 billion, a P/E ratio of 9.08 and a beta of 0.67. The business has a fifty day moving average price of $15.34 and a 200 day moving average price of $15.18.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm had revenue of $287.80 million for the quarter, compared to analyst estimates of $284.38 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. The company's revenue was up 28.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, analysts expect that HighPeak Energy, Inc. will post 1.74 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 3rd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, June 3rd. HighPeak Energy's dividend payout ratio (DPR) is currently 10.13%.

Institutional Trading of HighPeak Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC bought a new position in HighPeak Energy in the third quarter valued at approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of HighPeak Energy in the fourth quarter valued at $117,000. Raymond James Financial Services Advisors Inc. acquired a new position in HighPeak Energy during the fourth quarter worth $174,000. Commonwealth Equity Services LLC increased its holdings in HighPeak Energy by 10.0% during the third quarter. Commonwealth Equity Services LLC now owns 13,102 shares of the company's stock worth $221,000 after buying an additional 1,195 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in HighPeak Energy during the fourth quarter worth $226,000. Institutional investors and hedge funds own 24.13% of the company's stock.

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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