PDT Partners LLC Buys Shares of 548,124 HighPeak Energy, Inc. $HPK

PDT Partners LLC bought a new position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 548,124 shares of the company’s stock, valued at approximately $3,831,000. PDT Partners LLC owned 0.43% of HighPeak Energy at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in shares of HighPeak Energy by 1.9% in the 1st quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock worth $2,357,000 after acquiring an additional 3,431 shares during the last quarter. Alliancebernstein L.P. increased its holdings in HighPeak Energy by 8.1% in the 3rd quarter. Alliancebernstein L.P. now owns 46,540 shares of the company’s stock valued at $329,000 after purchasing an additional 3,500 shares during the last quarter. Strs Ohio purchased a new stake in shares of HighPeak Energy in the 1st quarter valued at $60,000. Intech Investment Management LLC lifted its position in shares of HighPeak Energy by 46.4% during the third quarter. Intech Investment Management LLC now owns 15,251 shares of the company’s stock worth $108,000 after purchasing an additional 4,831 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in HighPeak Energy by 23.6% during the 2nd quarter. Rhumbline Advisers now owns 25,483 shares of the company’s stock worth $250,000 after buying an additional 4,864 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen upgraded shares of HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy Price Performance

Shares of HPK opened at $7.76 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.87 and a quick ratio of 0.85. HighPeak Energy, Inc. has a 1-year low of $3.85 and a 1-year high of $9.13. The stock has a market cap of $981.25 million, a PE ratio of -9.82 and a beta of 0.35. The firm has a fifty day moving average price of $7.28 and a 200 day moving average price of $6.73.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.57. HighPeak Energy had a negative return on equity of 1.44% and a negative net margin of 10.52%.The company had revenue of $272.42 million for the quarter, compared to analyst estimates of $240.03 million. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that HighPeak Energy, Inc. will post -0.08 EPS for the current 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.