HighPeak Energy (NASDAQ:HPK – Get Free Report) had its price target increased by investment analysts at Truist Financial from $13.00 to $14.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential downside of 14.11% from the company’s previous close.
HighPeak Energy Price Performance
HPK stock opened at $16.30 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $14.88 and its 200 day simple moving average is $14.92. HighPeak Energy has a 12-month low of $12.20 and a 12-month high of $18.42. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 13.15 and a beta of 0.69.
HighPeak Energy (NASDAQ:HPK – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $287.80 million during the quarter, compared to the consensus estimate of $284.38 million. HighPeak Energy had a net margin of 14.64% and a return on equity of 16.58%. The business’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, analysts expect that HighPeak Energy will post 1.39 earnings per share for the current year.
Institutional Investors Weigh In On HighPeak Energy
HighPeak Energy Company Profile
HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.
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