In a report released today, Nicholas Pope from Seaport Global maintained a Buy rating on HighPeak Energy (HPK – Research Report), with a price target of $15.93. The company’s shares closed yesterday at $14.39.
Pope covers the Energy sector, focusing on stocks such as Civitas Resources, SM Energy, and Southwestern Energy. According to TipRanks, Pope has an average return of 5.9% and a 51.85% success rate on recommended stocks.
HighPeak Energy has an analyst consensus of Moderate Buy, with a price target consensus of $23.72.
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Based on HighPeak Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $301.15 million and a net profit of $95 million. In comparison, last year the company earned a revenue of $257.92 million and had a net profit of $67.9 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HPK in relation to earlier this year.
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HighPeak Energy (HPK) Company Description:
HighPeak Energy Inc is an independent oil and natural gas company focused on the development of unconventional oil and natural gas reserves in primarily Howard County of the Midland Basin.
Read More on HPK:
- New Demand Risk for Highpeak Energy Inc – What’s the Latest?
- HighPeak Energy Issues Non-Filed Regulation FD Disclosure
- HighPeak Energy sees average two drilling rigs and one frac crew in FY24
- HighPeak Energy Insights from Recent Financial Disclosures
- HighPeak Energy reports Q4 EPS 66c, consensus 65c
