HighPeak Energy (NASDAQ:HPK) Trading Up 6.6% – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK)’s share price was up 6.6% on Tuesday . The stock traded as high as $6.91 and last traded at $6.8750. Approximately 104,805 shares were traded during trading, a decline of 90% from the average daily volume of 1,033,733 shares. The stock had previously closed at $6.45.

Wall Street Analyst Weigh In

HPK has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a research note on Monday, December 29th. Zacks Research raised shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, HighPeak Energy currently has an average rating of “Hold” and an average target price of $11.00.

HighPeak Energy Price Performance

The company has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $5.75. The company has a market cap of $868.43 million, a P/E ratio of 77.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.13 and a quick ratio of 1.10.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings results on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a net margin of 2.33% and a return on equity of 2.11%. On average, sell-side analysts predict that HighPeak Energy, Inc. will post 0.78 earnings per share for the current year.

Institutional Investors Weigh In On HighPeak Energy

Hedge funds have recently made changes to their positions in the stock. Stokes Family Office LLC bought a new position in shares of HighPeak Energy during the fourth quarter valued at $48,000. Caitong International Asset Management Co. Ltd acquired a new position in HighPeak Energy during the fourth quarter valued at approximately $29,000. Alpine Global Management LLC acquired a new stake in HighPeak Energy in the fourth quarter worth $200,000. Aristides Capital LLC bought a new position in shares of HighPeak Energy during the fourth quarter worth $194,000. Finally, State of Alaska Department of Revenue grew its holdings 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 buying an additional 6,112 shares during the period. Institutional investors own 24.13% of the company’s stock.

About HighPeak Energy

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.