HighPeak Energy (NASDAQ:HPK) Trading Down 5.1% – Time to Sell?

HighPeak Energy, Inc. (NASDAQ:HPK) traded down 5.1% on Friday . The stock traded as low as $13.97 and last traded at $14.00. 75,618 shares were traded during mid-day trading, a decline of 76% from the average session volume of 321,714 shares. The stock had previously closed at $14.75.

Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price target on HighPeak Energy from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th.

HighPeak Energy Stock Performance

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 11.61 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $14.37 and its 200-day simple moving average is $14.80.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. The business had revenue of $271.60 million for the quarter, compared to the consensus estimate of $270.18 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. HighPeak Energy’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Analysts predict that HighPeak Energy, Inc. will post 0.77 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, December 2nd. HighPeak Energy’s dividend payout ratio (DPR) is presently 12.60%.

Insiders Place Their Bets

In other HighPeak Energy news, CEO Jack Hightower acquired 100,000 shares of HighPeak Energy stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average price of $15.54 per share, with a total value of $1,554,000.00. Following the purchase, the chief executive officer now owns 4,959,255 shares in the company, valued at approximately $77,066,822.70. This trade represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 77.50% of the company’s stock.

Institutional Trading of HighPeak Energy

A number of institutional investors and hedge funds have recently modified their holdings of HPK. Denali Advisors LLC boosted its stake in HighPeak Energy by 80.2% during the 2nd quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock valued at $4,496,000 after purchasing an additional 142,300 shares during the period. American Century Companies Inc. raised its stake in HighPeak Energy by 26.8% during the 2nd quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock valued at $7,321,000 after purchasing an additional 110,099 shares during the last quarter. Interval Partners LP bought a new stake in HighPeak Energy in the 2nd quarter valued at $1,684,000. Sanders Morris Harris LLC acquired a new stake in HighPeak Energy in the 3rd quarter worth $4,506,000. Finally, Susquehanna Fundamental Investments LLC increased its holdings in shares of HighPeak Energy by 197.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,141 shares of the company’s stock worth $761,000 after purchasing an additional 35,937 shares during the period. 24.13% of the stock is currently owned by institutional investors and hedge funds.

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.