HighPeak Energy (NASDAQ:HPK) Sets New 12-Month Low – Time to Sell?

HighPeak Energy, Inc. (NASDAQ:HPK) reached a new 52-week low during trading on Friday . The stock traded as low as $6.96 and last traded at $6.99, with a volume of 118416 shares changing hands. The stock had previously closed at $7.06.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of HighPeak Energy from a “hold” rating to a “sell” rating in a report 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. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $11.50.

HighPeak Energy Trading Down 5.2%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 0.87. The business has a fifty day simple moving average of $8.07 and a 200-day simple moving average of $9.54. The firm has a market cap of $843.81 million, a price-to-earnings ratio of 7.78 and a beta of 1.24.

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

HighPeak Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.16 annualized dividend and a dividend yield of 2.4%. HighPeak Energy’s payout ratio is currently 18.60%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its holdings in HighPeak Energy by 4.1% during the fourth quarter. Northern Trust Corp now owns 153,431 shares of the company’s stock valued at $2,255,000 after purchasing an additional 6,076 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of HighPeak Energy during the 4th quarter valued at about $26,000. D. E. Shaw & Co. Inc. increased its stake in HighPeak Energy by 30.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 51,442 shares of the company’s stock worth $756,000 after buying an additional 11,870 shares in the last quarter. Deutsche Bank AG grew its position in HighPeak Energy by 176.7% in the fourth quarter. Deutsche Bank AG now owns 20,510 shares of the company’s stock worth $301,000 after acquiring an additional 13,098 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of HighPeak Energy during the fourth quarter worth $270,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.

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.