HighPeak Energy (NASDAQ:HPK) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• HighPeak Energy shares moved above their 200-day moving average, trading as high as $7.65 versus the average of $7.18, and last changing hands at $7.36. The stock remained below its 50-day average of $8.82.
• Analyst views were mixed but averaged to a “Moderate Buy”: Zacks Research upgraded the shares to Strong Buy, while other firms made more cautious rating changes.
• The company beat quarterly expectations, reporting EPS of $0.32 versus a $0.07 consensus and revenue of $256.82 million versus $241.27 million expected.

HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $7.18 and traded as high as $7.65. HighPeak Energy shares last traded at $7.36, with a volume of 772,190 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HPK shares. Zacks Research raised shares of HighPeak Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday. Wall Street Zen raised HighPeak Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised HighPeak Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, HighPeak Energy currently has an average rating of "Moderate Buy".

HighPeak Energy Price Performance

The firm has a market capitalization of $930.69 million, a P/E ratio of -6.81 and a beta of 0.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.85 and a current ratio of 0.73. The stock has a 50 day moving average of $8.82 and a two-hundred day moving average of $7.18.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.25. The business had revenue of $256.82 million during the quarter, compared to analysts' expectations of $241.27 million. HighPeak Energy had a negative net margin of 13.84% and a positive return on equity of 0.76%. Sell-side analysts predict that HighPeak Energy, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HPK. Allworth Financial LP bought a new position in shares of HighPeak Energy during the 2nd quarter worth about $37,000. Integrated Wealth Concepts LLC acquired a new stake in HighPeak Energy during the second quarter worth about $45,000. Kestra Advisory Services LLC acquired a new stake in HighPeak Energy during the first quarter worth about $70,000. Sequoia Financial Advisors LLC bought a new position in HighPeak Energy during the second quarter valued at about $73,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of HighPeak Energy in the 2nd quarter worth approximately $95,000. 24.13% of the stock is currently owned by institutional investors and hedge funds.

About HighPeak Energy

HighPeak Energy, Inc. is an independent oil and natural gas exploration and production company. It focuses on acquiring, developing and operating oil and gas properties, with production that includes crude oil, natural gas and natural gas liquids. The company's operations are concentrated in the Permian Basin of West Texas, particularly in Howard and Borden counties. Its activities include drilling and completing wells and managing the infrastructure needed to produce and transport hydrocarbons.

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