HighPeak Energy (NASDAQ:HPK) Shares Up 5.9% – Should You Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) shot up 5.9% on Wednesday . The company traded as high as $8.39 and last traded at $8.39. 275,642 shares traded hands during trading, a decline of 72% from the average session volume of 972,487 shares. The stock had previously closed at $7.92.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HPK. Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings restated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday. Finally, Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

HighPeak Energy Price Performance

The firm has a market cap of $1.05 billion, a PE ratio of -6.97 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $6.77 and a two-hundred day moving average price of $5.75.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.The firm had revenue of $215.89 million during the quarter, compared to the consensus estimate of $210.14 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue was down 20.7% compared to the same quarter last year. As a group, equities analysts expect that HighPeak Energy, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors and hedge funds have recently modified their holdings of HPK. Empowered Funds LLC lifted its holdings in shares of HighPeak Energy by 1.9% during the first quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock worth $2,357,000 after purchasing an additional 3,431 shares during the period. Jane Street Group LLC lifted its holdings in shares of HighPeak Energy by 79.6% during the first quarter. Jane Street Group LLC now owns 20,368 shares of the company’s stock worth $258,000 after purchasing an additional 9,029 shares during the period. Strs Ohio acquired a new stake in shares of HighPeak Energy during the first quarter worth about $60,000. Geode Capital Management LLC lifted its holdings in shares of HighPeak Energy by 12.4% during the second quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock worth $6,273,000 after purchasing an additional 70,590 shares during the period. Finally, Creative Planning acquired a new stake in shares of HighPeak Energy during the second quarter worth about $225,000. 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.