GSA Capital Partners LLP Acquires Shares of 103,622 HighPeak Energy, Inc. $HPK

GSA Capital Partners LLP acquired a new position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 103,622 shares of the company’s stock, valued at approximately $724,000.

Several other hedge funds also recently made changes to their positions in HPK. Caitong International Asset Management Co. Ltd acquired a new stake in shares of HighPeak Energy in the 4th quarter worth $29,000. Stokes Family Office LLC acquired a new position in shares of HighPeak Energy during the fourth quarter worth about $48,000. Raymond James Financial Inc. purchased a new position in HighPeak Energy during the second quarter worth about $49,000. State of Alaska Department of Revenue raised its holdings in HighPeak Energy by 135.5% during the fourth quarter. State of Alaska Department of Revenue now owns 10,624 shares of the company’s stock worth $50,000 after purchasing an additional 6,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in HighPeak Energy during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

Wall Street Analyst Weigh In

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

HighPeak Energy Trading Up 3.9%

Shares of HPK opened at $8.16 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average is $7.25 and its two-hundred day moving average is $6.61. HighPeak Energy, Inc. has a twelve month low of $3.85 and a twelve month high of $9.13. The firm has a market capitalization of $1.03 billion, a P/E ratio of -10.33 and a beta of 0.35.

HighPeak Energy (NASDAQ:HPK) last issued its earnings results on Monday, August 10th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.57. HighPeak Energy had a negative net margin of 10.52% and a negative return on equity of 1.44%. The company had revenue of $272.42 million during the quarter, compared to analysts’ expectations of $240.03 million. During the same period last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, research analysts predict that HighPeak Energy, Inc. will post -0.08 earnings per share for the current fiscal year.

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.