Q3 2022 EPS Estimates for HighPeak Energy, Inc. (NASDAQ:HPK) Boosted by Seaport Res Ptn

HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) – Investment analysts at Seaport Res Ptn raised their Q3 2022 earnings estimates for HighPeak Energy in a research report issued to clients and investors on Wednesday, April 6th. Seaport Res Ptn analyst N. Pope now expects that the company will earn $1.30 per share for the quarter, up from their prior estimate of $1.29. Seaport Res Ptn also issued estimates for HighPeak Energy’s Q4 2022 earnings at $1.38 EPS and FY2022 earnings at $4.14 EPS.

Separately, Zacks Investment Research raised shares of HighPeak Energy from a “sell” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, January 24th.

NASDAQ:HPK opened at $21.05 on Monday. HighPeak Energy has a 1-year low of $7.00 and a 1-year high of $26.00. The business has a 50-day simple moving average of $20.85. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 38.98 and a beta of 0.78. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.18.

HighPeak Energy (NASDAQ:HPKGet Rating) last released its quarterly earnings data on Monday, March 7th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). HighPeak Energy had a return on equity of 13.29% and a net margin of 25.24%. During the same quarter in the previous year, the business earned ($0.05) earnings per share.

In other HighPeak Energy news, Director Michael H. Gustin sold 8,000 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $22.66, for a total transaction of $181,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 89.56% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. CSS LLC IL increased its holdings in shares of HighPeak Energy by 91.1% during the third quarter. CSS LLC IL now owns 50,084 shares of the company’s stock valued at $450,000 after acquiring an additional 23,875 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of HighPeak Energy during the third quarter valued at about $45,000,000. Morgan Stanley increased its holdings in shares of HighPeak Energy by 483.8% during the second quarter. Morgan Stanley now owns 15,425 shares of the company’s stock valued at $157,000 after acquiring an additional 12,783 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of HighPeak Energy by 15.1% during the third quarter. Bank of New York Mellon Corp now owns 12,046 shares of the company’s stock valued at $109,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of HighPeak Energy by 44.7% during the second quarter. Bank of America Corp DE now owns 5,098 shares of the company’s stock valued at $52,000 after acquiring an additional 1,576 shares in the last quarter. Hedge funds and other institutional investors own 6.98% of the company’s stock.

About HighPeak Energy (Get Rating)

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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