HighPeak Energy, Inc. (NASDAQ:HPK) Short Interest Update

HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 178,900 shares, a growth of 47.7% from the March 15th total of 121,100 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Shares of NASDAQ HPK opened at $30.58 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.96 billion, a PE ratio of 56.63 and a beta of 0.78. The company has a 50-day moving average of $21.68 and a 200 day moving average of $17.06. HighPeak Energy has a 12-month low of $7.00 and a 12-month high of $34.74.

HighPeak Energy (NASDAQ:HPKGet Rating) last posted its earnings results on Monday, March 7th. The company reported $0.35 earnings per share for the quarter, missing the 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 last year, the business earned ($0.05) earnings per share. On average, sell-side analysts forecast that HighPeak Energy will post 4.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Monday, May 2nd will be issued a $0.025 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a $0.10 annualized dividend and a yield of 0.33%. HighPeak Energy’s payout ratio is 18.52%.

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.

In other news, Director Michael H. Gustin sold 8,000 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 89.56% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in HighPeak Energy by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 91,100 shares of the company’s stock valued at $819,000 after purchasing an additional 976 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of HighPeak Energy by 15.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,046 shares of the company’s stock worth $109,000 after acquiring an additional 1,576 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of HighPeak Energy by 44.7% in the 2nd quarter. Bank of America Corp DE now owns 5,098 shares of the company’s stock worth $52,000 after acquiring an additional 1,576 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 1,595 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in shares of HighPeak Energy by 9.7% in the 4th quarter. Hodges Capital Management Inc. now owns 57,850 shares of the company’s stock worth $847,000 after acquiring an additional 5,100 shares during the last quarter. Institutional investors own 6.98% of the company’s stock.

HighPeak Energy Company Profile (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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