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HighPeak Energy (NASDAQ:HPK) Shares Gap Down to $20.79

Defense World ·  {{timeTz}}

HighPeak Energy, Inc. (NASDAQ:HPK – Get Rating)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $20.79, but opened at $20.07. HighPeak Energy shares last traded at $20.15, with a volume of 50 shares traded.

Analysts Set New Price Targets

Separately, Roth Capital lifted their target price on shares of HighPeak Energy from $32.50 to $38.75 in a research report on Thursday, April 28th.

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HighPeak Energy Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $2.19 billion, a P/E ratio of 23.29 and a beta of 0.62. The business's 50-day simple moving average is $25.74 and its 200 day simple moving average is $24.98.

HighPeak Energy (NASDAQ:HPK – Get Rating) last posted its earnings results on Monday, May 16th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.19). The company had revenue of $92.23 million during the quarter, compared to the consensus estimate of $124.69 million. HighPeak Energy had a return on equity of 27.24% and a net margin of 24.13%. As a group, equities analysts predict that HighPeak Energy, Inc. will post 3.96 earnings per share for the current year.

HighPeak Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Monday, August 1st will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, July 29th. HighPeak Energy's dividend payout ratio is presently 11.11%.

Insider Transactions at HighPeak Energy

In other HighPeak Energy news, CFO Steven W. Tholen purchased 10,000 shares of the company's stock in a transaction dated Friday, July 1st. The shares were acquired at an average price of $24.65 per share, for a total transaction of $246,500.00. Following the purchase, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at approximately $246,500. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 88.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HPK. SOA Wealth Advisors LLC. purchased a new position in shares of HighPeak Energy during the 2nd quarter valued at $28,000. Worth Asset Management LLC purchased a new stake in HighPeak Energy in the 2nd quarter worth $41,000. Essex Investment Management Co. LLC purchased a new stake in HighPeak Energy in the 2nd quarter worth $44,000. Wolverine Asset Management LLC lifted its stake in HighPeak Energy by 98.4% in the 4th quarter. Wolverine Asset Management LLC now owns 3,216 shares of the company's stock worth $47,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in HighPeak Energy in the 2nd quarter worth $71,000. Hedge funds and other institutional investors own 14.89% of the company's stock.

About HighPeak Energy

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HighPeak Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2021, the company had approximately 64,213 MBoe of proved reserves.

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