HighPeak Energy (NASDAQ:HPK) Posts Quarterly Earnings Results, Beats Estimates By $0.57 EPS

HighPeak Energy (NASDAQ:HPK) posted its quarterly earnings data on Monday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.57, FiscalAI reports. The company had revenue of $272.42 million for the quarter, compared to the consensus estimate of $240.03 million. HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%.

HighPeak Energy Price Performance

Shares of HighPeak Energy stock traded up $0.72 during trading hours on Monday, hitting $7.92. The company’s stock had a trading volume of 772,224 shares, compared to its average volume of 855,103. The business has a 50 day moving average price of $7.26 and a two-hundred day moving average price of $6.41. HighPeak Energy has a 12-month low of $3.85 and a 12-month high of $8.97. The company has a market cap of $1.00 billion, a PE ratio of -6.66 and a beta of 0.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.67.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HPK shares. Wall Street Zen downgraded shares of HighPeak Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. Finally, Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in HighPeak Energy during the 4th quarter valued at approximately $69,000. Abel Hall LLC bought a new stake in shares of HighPeak Energy during the fourth quarter valued at approximately $88,000. ExodusPoint Capital Management LP grew its position in shares of HighPeak Energy by 39.4% during the fourth quarter. ExodusPoint Capital Management LP now owns 19,134 shares of the company’s stock valued at $91,000 after purchasing an additional 5,404 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of HighPeak Energy during the third quarter valued at about $79,000. Finally, WINTON GROUP Ltd bought a new stake in shares of HighPeak Energy in the third quarter worth about $102,000. 24.13% of the stock is owned by hedge funds and other institutional investors.

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.