Q3 2022 Earnings Forecast for HighPeak Energy, Inc. Issued By Seaport Res Ptn (NASDAQ:HPK)

HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) – Seaport Res Ptn increased their Q3 2022 earnings per share (EPS) estimates for HighPeak Energy in a note issued to investors on Tuesday, April 19th. Seaport Res Ptn analyst N. Pope now forecasts that the company will post earnings per share of $1.42 for the quarter, up from their previous forecast of $1.30. Seaport Res Ptn also issued estimates for HighPeak Energy’s Q4 2022 earnings at $1.49 EPS and FY2022 earnings at $4.42 EPS.

HighPeak Energy (NASDAQ:HPKGet Rating) last released its quarterly earnings data on Monday, March 7th. The company reported $0.35 EPS for the quarter, missing the 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 period in the prior year, the company earned ($0.05) earnings per share.

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

NASDAQ HPK opened at $32.96 on Wednesday. The stock has a 50-day simple moving average of $22.28. The company has a market cap of $3.19 billion, a P/E ratio of 61.04 and a beta of 0.78. HighPeak Energy has a one year low of $7.00 and a one year 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Monday, May 2nd will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. HighPeak Energy’s payout ratio is currently 18.52%.

In other news, Director Michael H. Gustin sold 8,000 shares of HighPeak Energy stock in a transaction dated Friday, March 11th. The stock was 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 SEC, which can be accessed through this hyperlink. 89.56% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. CSS LLC IL raised its position in 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 purchasing an additional 23,875 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of HighPeak Energy in the third quarter worth approximately $45,000,000. Morgan Stanley raised its holdings in shares of HighPeak Energy by 483.8% in the second quarter. Morgan Stanley now owns 15,425 shares of the company’s stock worth $157,000 after buying an additional 12,783 shares during the period. Bank of New York Mellon Corp increased its holdings in HighPeak Energy by 15.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,046 shares of the company’s stock worth $109,000 after purchasing an additional 1,576 shares during the period. Finally, Bank of America Corp DE increased its holdings in HighPeak Energy by 44.7% during the 2nd quarter. Bank of America Corp DE now owns 5,098 shares of the company’s stock worth $52,000 after purchasing an additional 1,576 shares during the period. 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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