HighPeak Energy (NASDAQ:HPK) Trading 7.5% Higher – Should You Buy?

HighPeak Energy, Inc. (NASDAQ:HPK) was up 7.5% during trading on Monday . The company traded as high as $6.66 and last traded at $6.46. Approximately 287,550 shares traded hands during trading, a decline of 72% from the average daily volume of 1,016,507 shares. The stock had previously closed at $6.01.

Analysts Set New Price Targets

Several research firms 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 reissued a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, HighPeak Energy has an average rating of “Reduce” and an average price target of $11.00.

HighPeak Energy Stock Performance

The firm’s 50 day moving average price is $4.87 and its 200-day moving average price is $5.80. The firm has a market cap of $803.90 million, a price-to-earnings ratio of 71.23 and a beta of 0.63. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.13 and a quick ratio of 1.10.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a net margin of 2.33% and a return on equity of 2.11%. On average, analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current year.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors have recently bought and sold shares of HPK. Vanguard Group Inc. increased its holdings in 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 buying an additional 94,834 shares during the period. American Century Companies Inc. lifted its holdings in shares of HighPeak Energy by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock worth $8,670,000 after acquiring an additional 72,551 shares during the period. Geode Capital Management LLC boosted its position in shares of HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after acquiring an additional 70,590 shares in the last quarter. Denali Advisors LLC boosted its position in shares of HighPeak Energy by 6.0% during the 4th quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock valued at $2,928,000 after acquiring an additional 35,096 shares in the last quarter. Finally, State Street Corp increased its stake in HighPeak Energy by 12.9% in the fourth quarter. State Street Corp now owns 558,108 shares of the company’s stock valued at $2,645,000 after acquiring an additional 63,919 shares during the period. Institutional investors and hedge funds own 24.13% of the company’s stock.

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.