Brokerages Set HighPeak Energy, Inc. (NASDAQ:HPK) Price Target at $11.67

HighPeak Energy, Inc. (NASDAQ:HPK) has been given a consensus rating of “Reduce” by the five analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.6667.

A number of brokerages have recently weighed in on HPK. Zacks Research lowered HighPeak Energy from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th.

HighPeak Energy Price Performance

NASDAQ HPK opened at $5.58 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.65 and a quick ratio of 1.58. The stock’s fifty day moving average price is $4.76 and its 200 day moving average price is $5.87. HighPeak Energy has a 1 year low of $3.85 and a 1 year high of $13.11. The company has a market cap of $700.79 million, a price-to-earnings ratio of 15.50 and a beta of 0.64.

Institutional Trading of HighPeak Energy

Several institutional investors and hedge funds have recently bought and sold shares of HPK. Vanguard Group Inc. boosted its holdings in shares of HighPeak Energy by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock valued at $18,850,000 after acquiring an additional 94,834 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of HighPeak Energy by 8.9% during the second quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock worth $8,670,000 after purchasing an additional 72,551 shares during the last quarter. Geode Capital Management LLC raised 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 last quarter. Denali Advisors LLC lifted its position in HighPeak Energy by 6.0% during the fourth quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock valued at $2,928,000 after purchasing an additional 35,096 shares during the period. Finally, State Street Corp lifted its position in HighPeak Energy by 12.9% during the fourth quarter. State Street Corp now owns 558,108 shares of the company’s stock valued at $2,645,000 after purchasing an additional 63,919 shares during the period. 24.13% of the stock is currently owned by institutional investors and hedge funds.

About HighPeak Energy

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.