Investors Buy Large Volume of HighPeak Energy Put Options (NASDAQ:HPK)

HighPeak Energy, Inc. (NASDAQ:HPK) saw unusually large options trading on Tuesday. Stock traders bought 10,088 put options on the stock. This is an increase of approximately 2,147% compared to the average volume of 449 put options.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HPK shares. Wall Street Zen downgraded HighPeak Energy from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings restated a “sell (d)” rating on shares of HighPeak Energy in a report on Friday, October 31st. Finally, Roth Capital initiated coverage on HighPeak Energy in a research report on Monday, October 13th. They set a “buy” rating and a $12.00 price objective for the company. One research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.67.

HighPeak Energy Stock Performance

HighPeak Energy stock opened at $6.01 on Wednesday. The firm has a market capitalization of $758.04 million, a PE ratio of 16.69 and a beta of 1.09. The stock’s 50 day moving average price is $6.87 and its 200 day moving average price is $8.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.58 and a current ratio of 1.65. HighPeak Energy has a one year low of $5.18 and a one year high of $15.72.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). HighPeak Energy had a return on equity of 4.23% and a net margin of 6.03%.The firm had revenue of $188.86 million for the quarter, compared to analysts’ expectations of $224.48 million. During the same period last year, the firm earned $0.35 EPS. The business’s quarterly revenue was down 30.5% on a year-over-year basis. As a group, sell-side analysts expect that HighPeak Energy will post 0.78 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 2.7%. HighPeak Energy’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HPK. Vanguard Group Inc. boosted its holdings in shares of HighPeak Energy by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock valued at $18,850,000 after buying an additional 94,834 shares during the period. American Century Companies Inc. raised its stake in HighPeak Energy by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock valued at $8,670,000 after acquiring an additional 72,551 shares in the last quarter. Geode Capital Management LLC grew its position in HighPeak Energy by 12.4% in the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after buying an additional 70,590 shares in the last quarter. Denali Advisors LLC raised its holdings in HighPeak Energy by 11.5% during the third quarter. Denali Advisors LLC now owns 582,532 shares of the company’s stock worth $4,119,000 after purchasing an additional 60,007 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in HighPeak Energy by 54.9% during the second quarter. Creative Financial Designs Inc. ADV now owns 461,757 shares of the company’s stock valued at $4,525,000 after buying an additional 163,720 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

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.