Should I buy or sell HighPeak Energy stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HighPeak Energy in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HPK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPK, but not buy additional shares or sell existing shares. View HPK analyst ratings or view top-rated stocks .

What is HighPeak Energy's stock price target for 2024?

2 analysts have issued twelve-month price targets for HighPeak Energy's stock. Their HPK share price targets range from $10.00 to $34.20. On average, they anticipate the company's share price to reach $22.10 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price. View analysts price targets for HPK or view top-rated stocks among Wall Street analysts .

How have HPK shares performed in 2024?

HighPeak Energy's stock was trading at $14.24 on January 1st, 2024. Since then, HPK shares have increased by 6.3% and is now trading at $15.14. View the best growth stocks for 2024 here .

Are investors shorting HighPeak Energy?

HighPeak Energy saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,940,000 shares, an increase of 11.3% from the March 15th total of 3,540,000 shares. Based on an average daily volume of 359,600 shares, the days-to-cover ratio is presently 11.0 days. Currently, 19.1% of the shares of the company are sold short. View HighPeak Energy's Short Interest .

When is HighPeak Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our HPK earnings forecast .

How were HighPeak Energy's earnings last quarter?

HighPeak Energy, Inc. (NASDAQ:HPK) released its earnings results on Wednesday, March, 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The business earned $301.15 million during the quarter, compared to analysts' expectations of $329.85 million. HighPeak Energy had a net margin of 19.42% and a trailing twelve-month return on equity of 17.70%.

How often does HighPeak Energy pay dividends? What is the dividend yield for HighPeak Energy?

HighPeak Energy declared a quarterly dividend on Thursday, February 1st. Investors of record on Friday, March 1st will be given a dividend of $0.04 per share on Monday, March 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.03. Read our dividend analysis for HPK .

Is HighPeak Energy a good dividend stock?

HighPeak Energy (NASDAQ:HPK) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.05%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HPK will have a dividend payout ratio of 12.12% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HPK .

How do I buy shares of HighPeak Energy?

Shares of HPK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:HPK

HighPeak Energy (HPK) Stock Price, News & Analysis

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Free HPK Stock Alerts

$15.14

-0.14 (-0.92%)

(As of 04/15/2024 ET)

Compare

Today's Range: $15.02
▼
$15.43
50-Day Range: $13.35
▼
$16.90
52-Week Range: $10.44
▼
$24.31

Volume: 221,723 shs
Average Volume: 314,501 shs
Market Capitalization: $1.94 billion

P/E Ratio: 9.58
Dividend Yield: 1.06%
Price Target: $22.10

Get HighPeak Energy alerts:

HighPeak Energy MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 46.0% Upside
$22.10 Price Target
Short Interest: Bearish
19.05% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.05
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -17.50%
From $1.60 to $1.32 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.32 out of 5 stars

Oils/Energy Sector

164th out of 244 stocks

Drilling Oil & Gas Wells Industry

8th out of 12 stocks

3.0

Analyst's Opinion

Consensus Rating
HighPeak Energy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
HighPeak Energy has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
19.05% of the float of HighPeak Energy has been sold short.
Short Interest Ratio / Days to Cover
HighPeak Energy has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.
Change versus previous month
Short interest in HighPeak Energy has recently increased by 11.30%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
HighPeak Energy pays a meaningful dividend of 1.05%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
HighPeak Energy has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of HighPeak Energy is 10.13%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, HighPeak Energy will have a dividend payout ratio of 12.12% next year. This indicates that HighPeak Energy will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HPK.

3.4

News and Social Media Coverage

News Sentiment
HighPeak Energy has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for HighPeak Energy this week, compared to 2 articles on an average week.
Search Interest
15 people have searched for HPK on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added HighPeak Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HighPeak Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
83.80% of the stock of HighPeak Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 24.13% of the stock of HighPeak Energy is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for HighPeak Energy are expected to decrease by -17.50% in the coming year, from $1.60 to $1.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HighPeak Energy is 9.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of HighPeak Energy is 9.58, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.71.
Price to Book Value per Share Ratio
HighPeak Energy has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About HighPeak Energy Stock (NASDAQ:HPK)

HighPeak Energy, Inc., an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.

HPK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HPK Stock News Headlines

April 15, 2024 | americanbankingnews.com

HighPeak Energy, Inc. (NASDAQ:HPK) Short Interest Up 11.3% in March

April 14, 2024 | americanbankingnews.com

HighPeak Energy (NASDAQ:HPK) Trading 1.4% Higher

April 16, 2024 | InvestorPlace (Ad)

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April 6, 2024 | finance.yahoo.com

HighPeak Energy, Inc. (NASDAQ:HPK) Shares Could Be 22% Below Their Intrinsic Value Estimate

April 6, 2024 | americanbankingnews.com

HighPeak Energy (NASDAQ:HPK) Price Target Cut to $10.00 by Analysts at Truist Financial

March 20, 2024 | investorplace.com

Shhh! 7 Small-Cap Stocks That Can Double by 2025

March 12, 2024 | seekingalpha.com

HighPeak Energy: Strategic Alternatives

March 12, 2024 | seekingalpha.com

HighPeak Energy: Strategic Alternatives

April 16, 2024 | InvestorPlace (Ad)

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March 10, 2024 | uk.finance.yahoo.com

HighPeak Energy Full Year 2023 Earnings: Misses Expectations

March 8, 2024 | seekingalpha.com

HighPeak Energy Expects Production To Decline From H2 2023 Levels (Downgrade)

March 8, 2024 | msn.com

HighPeak Energy, Inc. (NASDAQ:HPK) Q4 2023 Earnings Call Transcript

March 7, 2024 | markets.businessinsider.com

Truist Financial Reaffirms Their Sell Rating on HighPeak Energy (HPK)

March 7, 2024 | finance.yahoo.com

HighPeak Energy Inc Reports Robust Year-End 2023 Results and Sets 2024 Guidance

March 7, 2024 | finance.yahoo.com

HPK Aug 2024 15.000 call

March 6, 2024 | finance.yahoo.com

HPK Aug 2024 10.000 put

March 6, 2024 | msn.com

HighPeak Energy GAAP EPS of $0.66 beats by $0.01, revenue of $301.15M misses by $28.49M

March 6, 2024 | globenewswire.com

HighPeak Energy, Inc. Announces Fourth Quarter and Yearend 2023 Financial and Operating Results and Provides 2024 Guidance

February 27, 2024 | globenewswire.com

HighPeak Energy, Inc. Announces 2023 Fourth Quarter and Yearend Earnings Release and Conference Call Dates

February 15, 2024 | uk.investing.com

Highpeak Energy Acquisition Corp (HPK)

February 6, 2024 | msn.com

HighPeak Energy Announces Share Buyback and Dividend

February 5, 2024 | msn.com

HighPeak Energy raises dividend by 60% to $0.04, announces $75M buyback

January 25, 2024 | finance.yahoo.com

HighPeak Energy (NASDAQ:HPK) investors are sitting on a loss of 54% if they invested a year ago

January 12, 2024 | forbes.com

HighPeak Energy Buy Write Unleashes Gusher Of Call Premium

January 4, 2024 | seekingalpha.com

HighPeak Energy: A Potential Diamond In The Rough

January 2, 2024 | markets.businessinsider.com

Around $2.4M Bet On HighPeak Energy? Check Out These 4 Stocks Insiders Are Buying

December 27, 2023 | markets.businessinsider.com

Over $2M Bet On This Energy Stock? Check Out These 3 Stocks Insiders Are Buying

See More Headlines

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Company Calendar

Ex-Dividend for 3/25 Dividend: 2/29/2024
Last Earnings: 3/06/2024
Dividend Payable: 3/25/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Drilling oil & gas wells
Sub-Industry: N/A
Current Symbol: NASDAQ:HPK
CUSIP: N/A
CIK: 1792849
Web: www.highpeakenergy.com
Phone: (817) 850-9200
Fax: N/A
Employees: 48
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.10
High Stock Price Target: $34.20
Low Stock Price Target: $10.00
Potential Upside/Downside: +46.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.58
Trailing P/E Ratio: 9.58
Forward P/E Ratio: 9.46
P/E Growth: N/A
Net Income: $215.87 million
Net Margins: 19.42%
Pretax Margin: 25.35%
Return on Equity: 17.70%
Return on Assets: 8.49%

Debt

Debt-to-Equity Ratio: 0.66
Current Ratio: 1.14
Quick Ratio: 1.12

Sales & Book Value

Annual Sales: $1.11 billion
Price / Sales: 1.75
Cash Flow: $5.35 per share
Price / Cash Flow: 2.83
Book Value: $12.09 per share
Price / Book: 1.25

Miscellaneous

Outstanding Shares: 128,420,000
Free Float: 20,804,000
Market Cap: $1.94 billion
Optionable: Optionable
Beta: 0.63

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Key Executives

Mr. Jack Dana Hightower (Age 75)
Chairman & CEO
Comp: $2.98M
Mr. Michael L. Hollis (Age 49)
President & Director
Comp: $1.8M
Mr. Rodney L. Woodard (Age 68)
Executive VP & COO
Comp: $768.76k
Mr. Steven W. Tholen (Age 73)
Chief Financial Officer
Mr. Keith E. Forbes (Age 61)
VP & Chief Accounting Officer
Dr. Alan R. Huffman
Executive VP & CTO

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HPK Stock Analysis - Frequently Asked Questions

Should I buy or sell HighPeak Energy stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HighPeak Energy in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HPK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPK, but not buy additional shares or sell existing shares.
View HPK analyst ratings or view top-rated stocks.
What is HighPeak Energy's stock price target for 2024?: 2 analysts have issued twelve-month price targets for HighPeak Energy's stock. Their HPK share price targets range from $10.00 to $34.20. On average, they anticipate the company's share price to reach $22.10 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price.
View analysts price targets for HPK or view top-rated stocks among Wall Street analysts.
How have HPK shares performed in 2024?: HighPeak Energy's stock was trading at $14.24 on January 1st, 2024. Since then, HPK shares have increased by 6.3% and is now trading at $15.14.
View the best growth stocks for 2024 here.
Are investors shorting HighPeak Energy?: HighPeak Energy saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,940,000 shares, an increase of 11.3% from the March 15th total of 3,540,000 shares. Based on an average daily volume of 359,600 shares, the days-to-cover ratio is presently 11.0 days. Currently, 19.1% of the shares of the company are sold short.
View HighPeak Energy's Short Interest.
When is HighPeak Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our HPK earnings forecast.

How were HighPeak Energy's earnings last quarter?: HighPeak Energy, Inc. (NASDAQ:HPK) released its earnings results on Wednesday, March, 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The business earned $301.15 million during the quarter, compared to analysts' expectations of $329.85 million. HighPeak Energy had a net margin of 19.42% and a trailing twelve-month return on equity of 17.70%.
How often does HighPeak Energy pay dividends? What is the dividend yield for HighPeak Energy?: HighPeak Energy declared a quarterly dividend on Thursday, February 1st. Investors of record on Friday, March 1st will be given a dividend of $0.04 per share on Monday, March 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for HPK.
Is HighPeak Energy a good dividend stock?: HighPeak Energy (NASDAQ:HPK) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.05%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HPK will have a dividend payout ratio of 12.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HPK.
How do I buy shares of HighPeak Energy?: Shares of HPK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HPK) was last updated on 4/16/2024 by MarketBeat.com Staff

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