HighPeak Energy (NASDAQ:HPK) Shares Gap Up – Should You Buy?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.21, but opened at $5.70. HighPeak Energy shares last traded at $5.8530, with a volume of 341,599 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on HPK. Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. Zacks Research cut shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $11.67.

HighPeak Energy Price Performance

The company has a 50 day moving average of $4.70 and a 200 day moving average of $5.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.58 and a current ratio of 1.65. The stock has a market capitalization of $695.77 million, a price-to-earnings ratio of 15.39 and a beta of 0.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPK. Vanguard Group Inc. increased its position in shares of HighPeak Energy by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock valued at $18,850,000 after purchasing an additional 94,834 shares during the last quarter. American Century Companies Inc. grew its stake in shares of HighPeak Energy by 8.9% during the second quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock worth $8,670,000 after purchasing an additional 72,551 shares in the last quarter. Geode Capital Management LLC increased its holdings in HighPeak Energy by 12.4% in the second quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after buying an additional 70,590 shares during the last quarter. Denali Advisors LLC increased its holdings in HighPeak Energy by 6.0% in the fourth quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock valued at $2,928,000 after buying an additional 35,096 shares during the last quarter. Finally, State Street Corp raised its stake in HighPeak Energy by 12.9% in the fourth quarter. State Street Corp now owns 558,108 shares of the company’s stock valued at $2,645,000 after buying an additional 63,919 shares in the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

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.