HighPeak Energy (NASDAQ:HPK) Trading Down 3.3% After Analyst Downgrade

HighPeak Energy, Inc. (NASDAQ:HPK – Get Rating)’s share price traded down 3.3% during mid-day trading on Monday after Truist Financial lowered their price target on the stock from $10.00 to $8.00. The stock traded as low as $13.66 and last traded at $13.66. 19,508 shares changed hands during trading, a decline of 92% from the average session volume of 245,546 shares. The stock had previously closed at $14.13.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC increased its position in HighPeak Energy by 46.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,313,744 shares of the company’s stock worth $167,265,000 after purchasing an additional 2,313,744 shares during the last quarter. Syntal Capital Partners LLC increased its holdings in shares of HighPeak Energy by 1.8% during the 1st quarter. Syntal Capital Partners LLC now owns 908,025 shares of the company’s stock valued at $20,885,000 after acquiring an additional 16,197 shares during the last quarter. BlackRock Inc. grew its holdings in HighPeak Energy by 5.4% during the first quarter. BlackRock Inc. now owns 526,886 shares of the company’s stock valued at $12,118,000 after purchasing an additional 27,212 shares during the last quarter. Invesco Ltd. grew its holdings in HighPeak Energy by 140.5% during the first quarter. Invesco Ltd. now owns 283,603 shares of the company’s stock valued at $6,296,000 after purchasing an additional 165,665 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in HighPeak Energy by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 270,933 shares of the company’s stock valued at $6,196,000 after purchasing an additional 14,503 shares during the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

HighPeak Energy Stock Down 2.1 %

The business’s 50 day moving average is $21.21 and its 200-day moving average is $23.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.49 and a current ratio of 0.54. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 7.48 and a beta of 0.72.

HighPeak Energy (NASDAQ:HPK – Get Rating) last issued 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 analyst estimates of $253.49 million. HighPeak Energy had a return on equity of 30.92% and a net margin of 31.34%. During the same period in the previous year, the company posted $0.38 earnings per share. Equities analysts anticipate that HighPeak Energy, Inc. will post 3.74 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Monday, May 1st will be paid a $0.025 dividend. The ex-dividend date of this dividend is Friday, April 28th. This represents a $0.10 annualized dividend and a yield of 0.72%. HighPeak Energy’s payout ratio is currently 5.41%.

HighPeak Energy Company Profile

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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.