HighPeak Energy (HPK) Set to Announce Earnings on Monday

HighPeak Energy (NASDAQ:HPKGet Rating) will be releasing its earnings data after the market closes on Monday, May 16th. Analysts expect HighPeak Energy to post earnings of $0.50 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

HighPeak Energy (NASDAQ:HPKGet Rating) last posted its quarterly earnings data on Monday, March 7th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $98.67 million for the quarter, compared to analysts’ expectations of $89.26 million. 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 firm earned ($0.05) earnings per share.

HPK opened at $29.18 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.83 billion, a P/E ratio of 54.04 and a beta of 0.58. The business’s fifty day moving average price is $25.05. HighPeak Energy has a 1 year low of $7.60 and a 1 year high of $38.21.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Monday, May 2nd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, April 29th. HighPeak Energy’s dividend payout ratio (DPR) is presently 18.52%.

HPK has been the topic of several research analyst reports. Roth Capital upped their price objective on shares of HighPeak Energy from $32.50 to $38.75 in a research report on Thursday, April 28th. Zacks Investment Research raised 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.

In related 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 value of $181,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 89.56% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased 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 worth $819,000 after buying an additional 976 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 purchasing an additional 1,576 shares during the period. Bank of America Corp DE boosted its stake in 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 purchasing an additional 1,576 shares during the period. JPMorgan Chase & Co. boosted its stake in HighPeak Energy by 201.7% in the 4th quarter. JPMorgan Chase & Co. now owns 11,752 shares of the company’s stock worth $172,000 after purchasing an additional 7,857 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new position in HighPeak Energy in the 4th quarter worth approximately $172,000. Institutional investors own 14.89% 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.

Further Reading

Earnings History for HighPeak Energy (NASDAQ:HPK)

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