Zurcher Kantonalbank Zurich Cantonalbank Takes $117,000 Position in HighPeak Energy, Inc. (NASDAQ:HPK)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in HighPeak Energy, Inc. (NASDAQ:HPK) during the fourth quarter, Holdings Channel.com reports. The fund purchased 8,185 shares of the company’s stock, valued at approximately $117,000.

Several other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new position in HighPeak Energy during the fourth quarter worth about $174,000. Vanguard Group Inc. raised its holdings in HighPeak Energy by 850.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,297,335 shares of the company’s stock valued at $38,779,000 after acquiring an additional 2,055,576 shares during the period. GSA Capital Partners LLP bought a new position in shares of HighPeak Energy in the third quarter worth $2,318,000. Kennedy Capital Management LLC bought a new stake in shares of HighPeak Energy during the 3rd quarter valued at $10,396,000. Finally, Stokes Family Office LLC purchased a new stake in HighPeak Energy during the 3rd quarter worth about $294,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price target on HighPeak Energy from $11.00 to $10.00 and set a “sell” rating on the stock in a research report on Friday, April 5th.

HighPeak Energy Trading Up 9.6 %

HighPeak Energy stock opened at $15.71 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.12 and a current ratio of 1.14. HighPeak Energy, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $18.42. The stock has a market cap of $2.02 billion, a P/E ratio of 9.79 and a beta of 0.67. The firm’s fifty day moving average price is $15.36 and its 200-day moving average price is $15.18.

HighPeak Energy (NASDAQ:HPK) last announced its earnings results on Wednesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. The business had revenue of $287.80 million during the quarter, compared to the consensus estimate of $284.38 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. HighPeak Energy’s revenue was up 28.6% compared to the same quarter last year. Equities research analysts forecast that HighPeak Energy, Inc. will post 1.74 earnings per share for the current fiscal year.

About HighPeak Energy

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.