HighPeak Energy (NASDAQ:HPK – Get Rating) had its target price decreased by analysts at Truist Financial from $10.00 to $8.00 in a report issued on Friday, The Fly reports. Truist Financial’s price target suggests a potential downside of 43.38% from the stock’s previous close.
HighPeak Energy Trading Down 7.5 %
NASDAQ:HPK opened at $14.13 on Friday. The business has a 50 day simple moving average of $21.50 and a 200 day simple moving average of $23.41. The firm has a market capitalization of $1.60 billion, a P/E ratio of 7.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.49. HighPeak Energy has a 12-month low of $13.81 and a 12-month high of $37.36.
HighPeak Energy (NASDAQ:HPK – Get Rating) last announced its earnings results on Tuesday, March 7th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.30). The company had revenue of $257.92 million during the quarter, compared to the consensus estimate of $253.49 million. HighPeak Energy had a net margin of 31.34% and a return on equity of 30.92%. During the same quarter in the prior year, the company earned $0.38 EPS. Equities research analysts predict that HighPeak Energy will post 3.74 EPS for the current year.
Institutional Investors Weigh In On HighPeak Energy
HighPeak Energy Company Profile
Pure Acquisition Corp. engages in the provision of merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. It focuses on energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is headquartered in Fort Worth, TX.
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