HighPeak Energy (NASDAQ:HPK) Trading 10% Higher – Should You Buy?

HighPeak Energy, Inc. (NASDAQ:HPK) shares were up 10% during trading on Wednesday . The stock traded as high as $5.06 and last traded at $5.1150. Approximately 462,302 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 868,156 shares. The stock had previously closed at $4.65.

Analyst Upgrades and Downgrades

HPK has been the subject of a number of recent analyst reports. Wall Street Zen downgraded HighPeak Energy from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. Finally, Zacks Research cut shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $11.67.

HighPeak Energy Stock Performance

The company has a market capitalization of $660.60 million, a price-to-earnings ratio of 14.61 and a beta of 0.64. The stock has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $6.28. The company has a quick ratio of 1.58, a current ratio of 1.65 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On HighPeak Energy

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in HighPeak Energy by 678.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 82,047 shares of the company’s stock valued at $389,000 after acquiring an additional 71,503 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of HighPeak Energy in the 4th quarter worth about $2,257,000. Denali Advisors LLC raised its holdings in shares of HighPeak Energy by 6.0% in the 4th quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock worth $2,928,000 after purchasing an additional 35,096 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of HighPeak Energy by 135.5% in the 4th quarter. State of Alaska Department of Revenue now owns 10,624 shares of the company’s stock valued at $50,000 after purchasing an additional 6,112 shares in the last quarter. Finally, Verition Fund Management LLC grew its holdings in shares of HighPeak Energy by 59.2% during the 3rd quarter. Verition Fund Management LLC now owns 46,079 shares of the company’s stock worth $326,000 after purchasing an additional 17,134 shares during the period. 24.13% of the stock is owned by institutional investors and hedge funds.

HighPeak Energy Company Profile

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware‐incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.