HighPeak Energy, Inc. $HPK Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,375,805 shares of the company’s stock after buying an additional 216,954 shares during the quarter. Vanguard Group Inc. owned about 1.88% of HighPeak Energy worth $30,078,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HPK. Corigliano Investment Advisers LLC acquired a new position in HighPeak Energy during the fourth quarter valued at $4,762,000. GSA Capital Partners LLP lifted its stake in HighPeak Energy by 42.3% in the 1st quarter. GSA Capital Partners LLP now owns 167,864 shares of the company’s stock worth $2,125,000 after acquiring an additional 49,867 shares in the last quarter. Marshall Wace LLP purchased a new stake in HighPeak Energy in the 4th quarter worth about $395,000. Lazard Asset Management LLC purchased a new stake in HighPeak Energy in the 4th quarter worth about $270,000. Finally, Balyasny Asset Management L.P. purchased a new stake in HighPeak Energy in the 4th quarter worth about $263,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Price Performance

Shares of HPK stock opened at $7.55 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.82. The firm has a market cap of $952.28 million, a price-to-earnings ratio of 8.78 and a beta of 1.06. The stock’s fifty day simple moving average is $9.05 and its 200 day simple moving average is $10.29. HighPeak Energy, Inc. has a one year low of $7.00 and a one year high of $16.56.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $200.40 million during the quarter, compared to analyst estimates of $210.87 million. HighPeak Energy had a return on equity of 7.10% and a net margin of 12.59%.HighPeak Energy’s revenue for the quarter was down 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. On average, analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Tuesday, September 2nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 2.1%. HighPeak Energy’s payout ratio is currently 18.60%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $11.50.

HighPeak Energy Company 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.