Renaissance Technologies LLC Purchases 12,800 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Renaissance Technologies LLC grew its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 54.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,200 shares of the company’s stock after purchasing an additional 12,800 shares during the quarter. Renaissance Technologies LLC’s holdings in HighPeak Energy were worth $532,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in HighPeak Energy during the 4th quarter worth $112,000. AlphaQuest LLC increased its position in HighPeak Energy by 509.9% during the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company’s stock worth $118,000 after acquiring an additional 6,726 shares during the period. Wells Fargo & Company MN raised its stake in HighPeak Energy by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 9,180 shares of the company’s stock worth $135,000 after purchasing an additional 1,857 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in HighPeak Energy in the 4th quarter worth about $148,000. Finally, Intech Investment Management LLC bought a new stake in HighPeak Energy in the 4th quarter valued at about $153,000. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Price Performance

HPK stock opened at $8.33 on Friday. The company’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $13.05. The firm has a market cap of $1.05 billion, a P/E ratio of 6.56 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. HighPeak Energy, Inc. has a 12 month low of $7.82 and a 12 month high of $17.48.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The firm had revenue of $234.81 million during the quarter, compared to the consensus estimate of $247.32 million. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was down 22.0% compared to the same quarter last year. On average, analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 3rd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy’s dividend payout ratio (DPR) is presently 23.88%.

Analyst Ratings Changes

Several research analysts have recently commented on HPK shares. Truist Financial dropped their price target on shares of HighPeak Energy from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 13th. Bank of America started coverage on HighPeak Energy in a research report on Monday, April 7th. They set an “underperform” rating and a $10.00 target price for the company.

HighPeak Energy Profile

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.