HighPeak Energy, Inc. (NASDAQ:HPK) Declares $0.03 Quarterly Dividend

HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) announced a quarterly dividend on Wednesday, April 13th, Zacks reports. Shareholders of record on Monday, May 2nd will be given a dividend of 0.025 per share on Wednesday, May 25th. This represents a $0.10 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Friday, April 29th.

HPK opened at $30.58 on Friday. HighPeak Energy has a fifty-two week low of $7.00 and a fifty-two week high of $34.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.81. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 56.63 and a beta of 0.78. The company’s 50 day moving average price is $21.43 and its two-hundred day moving average price is $16.85.

HighPeak Energy (NASDAQ:HPKGet Rating) last posted its quarterly earnings data on Monday, March 7th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). HighPeak Energy had a net margin of 25.24% and a return on equity of 13.29%. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, equities research analysts predict that HighPeak Energy will post 4.08 EPS for the current year.

In other HighPeak Energy news, Director Michael H. Gustin sold 8,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 89.56% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. bought a new position in HighPeak Energy during the fourth quarter worth about $1,727,000. BlackRock Inc. boosted its position in shares of HighPeak Energy by 14.5% in the fourth quarter. BlackRock Inc. now owns 253,273 shares of the company’s stock valued at $3,708,000 after acquiring an additional 32,065 shares during the period. Marshall Wace LLP bought a new position in shares of HighPeak Energy in the fourth quarter valued at approximately $225,000. Morgan Stanley boosted its position in shares of HighPeak Energy by 483.8% in 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 during the period. Finally, Parametric Portfolio Associates LLC bought a new position in shares of HighPeak Energy in the fourth quarter valued at approximately $172,000. Institutional investors own 6.98% of the company’s stock.

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

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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