HighPeak Energy (NASDAQ:HPK) Stock Price Up 6.6% – Should You Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) rose 6.6% during trading on Tuesday . The stock traded as high as $7.98 and last traded at $8.0390. Approximately 578,672 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 984,177 shares. The stock had previously closed at $7.54.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HPK shares. Zacks Research lowered HighPeak Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Wall Street Zen raised HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, HighPeak Energy has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy Stock Down 4.2%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.67. The company has a market cap of $922.43 million, a price-to-earnings ratio of -6.13 and a beta of 0.34. The business has a 50-day simple moving average of $6.51 and a 200-day simple moving average of $5.63.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%. The business had revenue of $215.89 million for the quarter, compared to analyst estimates of $210.14 million. During the same period last year, the business earned $0.31 EPS. The company’s revenue was down 20.7% on a year-over-year basis. On average, equities analysts anticipate that HighPeak Energy, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HighPeak Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of HighPeak Energy by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock worth $18,850,000 after acquiring an additional 94,834 shares in the last quarter. Bank of New York Mellon Corp raised its stake in HighPeak Energy by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 868,683 shares of the company’s stock worth $5,994,000 after acquiring an additional 55,955 shares in the last quarter. Geode Capital Management LLC raised its stake in HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock worth $6,273,000 after acquiring an additional 70,590 shares in the last quarter. Denali Advisors LLC raised its stake in HighPeak Energy by 6.0% during the 4th quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock worth $2,928,000 after acquiring an additional 35,096 shares in the last quarter. Finally, State Street Corp raised its stake in HighPeak Energy by 12.9% during the 4th quarter. State Street Corp now owns 558,108 shares of the company’s stock worth $2,645,000 after acquiring an additional 63,919 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

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.