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HighPeak Energy (NASDAQ:HPK) Sees Large Volume Increase

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HighPeak Energy, Inc. (NASDAQ:HPK – Get Rating) saw unusually-high trading volume on Wednesday . Approximately 4,498 shares traded hands during trading, a decline of 97% from the previous session's volume of 160,012 shares.The stock last traded at $19.70 and had previously closed at $19.98.

Analysts Set New Price Targets

Separately, Roth Capital boosted their price objective 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 Trading Up 6.7 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.54. The stock's 50-day simple moving average is $25.20 and its 200-day simple moving average is $25.00. The firm has a market capitalization of $2.20 billion, a PE ratio of 23.34 and a beta of 0.62.

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

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Monday, August 1st will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis 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 bought 10,000 shares of HighPeak Energy stock in a transaction dated Friday, July 1st. The shares were purchased at an average cost of $24.65 per share, with a total value of $246,500.00. Following the transaction, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at $246,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 88.60% of the company's stock.

Institutional Trading of HighPeak Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio boosted its stake in HighPeak Energy by 5.7% in the 2nd quarter. Strs Ohio now owns 14,800 shares of the company's stock worth $379,000 after purchasing an additional 800 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in HighPeak Energy in the 2nd quarter worth about $28,000. Vanguard Group Inc. boosted its stake in HighPeak Energy by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 21,621 shares of the company's stock worth $480,000 after purchasing an additional 1,218 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in HighPeak Energy by 13.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,965 shares of the company's stock worth $266,000 after purchasing an additional 1,404 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in HighPeak Energy in the 2nd quarter worth about $41,000. 14.89% of the stock is owned by hedge funds and other institutional investors.

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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