HighPeak Energy (NASDAQ:HPK) Trading 5.6% Higher

HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) traded up 5.6% during mid-day trading on Wednesday . The stock traded as high as $28.35 and last traded at $28.35. 706 shares were traded during mid-day trading, a decline of 100% from the average session volume of 315,504 shares. The stock had previously closed at $26.84.

HighPeak Energy Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.54. The stock has a market cap of $2.82 billion, a P/E ratio of 29.88 and a beta of 0.62. The company’s 50 day moving average price is $23.87 and its 200-day moving average price is $25.91.

HighPeak Energy (NASDAQ:HPKGet Rating) last posted its earnings results on Monday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. HighPeak Energy had a net margin of 24.13% and a return on equity of 27.24%. The firm had revenue of $201.43 million during the quarter, compared to analyst estimates of $168.04 million. Equities analysts forecast that HighPeak Energy, Inc. will post 3.96 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Monday, August 1st were given a dividend of $0.025 per share. The ex-dividend date was Friday, July 29th. This represents a $0.10 annualized dividend and a yield of 0.37%. HighPeak Energy’s payout ratio is currently 11.11%.

Insider Activity at HighPeak Energy

In related news, major shareholder John Paul Dejoria purchased 2,313,744 shares of HighPeak Energy stock in a transaction that occurred on Monday, August 22nd. The stock was bought at an average price of $21.61 per share, for a total transaction of $50,000,007.84. Following the completion of the transaction, the insider now owns 7,813,744 shares in the company, valued at $168,855,007.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other HighPeak Energy news, CFO Steven W. Tholen acquired 10,000 shares of the company’s stock in a transaction on Friday, July 1st. The shares were acquired at an average cost of $24.65 per share, with a total value of $246,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at $246,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder John Paul Dejoria acquired 2,313,744 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were acquired at an average cost of $21.61 per share, for a total transaction of $50,000,007.84. Following the completion of the acquisition, the insider now owns 7,813,744 shares of the company’s stock, valued at $168,855,007.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 2,323,753 shares of company stock worth $50,246,754. 88.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On HighPeak Energy

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new stake in shares of HighPeak Energy in the second quarter worth about $409,000. State Street Corp lifted its holdings in shares of HighPeak Energy by 65.8% in the second quarter. State Street Corp now owns 100,841 shares of the company’s stock worth $2,584,000 after buying an additional 40,025 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of HighPeak Energy by 139.8% in the second quarter. Cubist Systematic Strategies LLC now owns 48,202 shares of the company’s stock worth $1,235,000 after buying an additional 28,100 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of HighPeak Energy by 1,004.2% in the second quarter. Renaissance Technologies LLC now owns 132,500 shares of the company’s stock worth $3,395,000 after buying an additional 120,500 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of HighPeak Energy by 15.0% in the second quarter. Northern Trust Corp now owns 67,481 shares of the company’s stock worth $1,729,000 after buying an additional 8,826 shares in the last quarter. 13.69% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Stories

Receive News & Ratings for HighPeak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HighPeak Energy and related companies with MarketBeat.com's FREE daily email newsletter.