HighPeak Energy (NASDAQ:HPK) Rating Increased to Hold at Zacks Research

HighPeak Energy (NASDAQ:HPK) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HighPeak Energy in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, HighPeak Energy presently has an average rating of “Hold” and an average price target of $11.00.

HighPeak Energy Stock Up 2.5%

Shares of HPK opened at $6.87 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $5.01 and a 200 day moving average of $5.79. The company has a market cap of $862.80 million, a PE ratio of 76.34 and a beta of 0.64. HighPeak Energy has a 52-week low of $3.85 and a 52-week high of $13.11.

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

Hedge Funds Weigh In On HighPeak Energy

Several hedge funds have recently bought and sold shares of HPK. Vanguard Group Inc. increased its stake in HighPeak Energy by 3.7% in the third quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock worth $18,850,000 after purchasing an additional 94,834 shares during the period. American Century Companies Inc. boosted its stake 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 valued at $8,670,000 after purchasing an additional 72,551 shares during the period. Geode Capital Management LLC grew its holdings in shares of HighPeak Energy by 12.4% in 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 increased its stake in HighPeak Energy by 6.0% in the 4th quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock worth $2,928,000 after buying an additional 35,096 shares during the period. Finally, State Street Corp increased its stake in HighPeak Energy by 12.9% in the 4th quarter. State Street Corp now owns 558,108 shares of the company’s stock worth $2,645,000 after buying an additional 63,919 shares during the period. Institutional investors 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.