AlphaQuest LLC Has $416,000 Position in HighPeak Energy, Inc. $HPK

AlphaQuest LLC lifted its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 905.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,463 shares of the company’s stock after acquiring an additional 38,240 shares during the period. AlphaQuest LLC’s holdings in HighPeak Energy were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HPK. Vanguard Group Inc. lifted its position in shares of HighPeak Energy by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,805 shares of the company’s stock valued at $30,078,000 after acquiring an additional 216,954 shares during the period. American Century Companies Inc. lifted its position in shares of HighPeak Energy by 13.7% during the 1st quarter. American Century Companies Inc. now owns 812,144 shares of the company’s stock valued at $10,282,000 after acquiring an additional 98,084 shares during the period. Denali Advisors LLC lifted its position in shares of HighPeak Energy by 10.8% during the 2nd quarter. Denali Advisors LLC now owns 522,525 shares of the company’s stock valued at $5,121,000 after acquiring an additional 50,977 shares during the period. Trexquant Investment LP acquired a new position in HighPeak Energy during the first quarter worth $645,000. Finally, GSA Capital Partners LLP raised its holdings in HighPeak Energy by 42.3% during the first quarter. GSA Capital Partners LLP now owns 167,864 shares of the company’s stock worth $2,125,000 after buying an additional 49,867 shares during the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

Analyst Ratings Changes

HPK has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a report on Wednesday, October 8th. Roth Capital initiated coverage on shares of HighPeak Energy in a report on Monday, October 13th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of HighPeak Energy from a “hold” rating to a “sell” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, HighPeak Energy currently has an average rating of “Hold” and a consensus target price of $11.67.

HighPeak Energy Stock Performance

Shares of HPK stock opened at $6.21 on Thursday. The firm has a 50-day moving average of $7.16 and a 200-day moving average of $8.68. The company has a market cap of $783.27 million, a P/E ratio of 7.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.82. HighPeak Energy, Inc. has a one year low of $6.14 and a one year high of $15.72.

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

HighPeak Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 2nd were issued a $0.04 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.16 annualized dividend and a dividend yield of 2.6%. HighPeak Energy’s dividend payout ratio is currently 18.60%.

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.