Analysts Set HighPeak Energy, Inc. (NASDAQ:HPK) Target Price at $11.67

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) have earned an average rating of “Reduce” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.6667.

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. Roth Mkm started coverage on HighPeak Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Zacks Research cut HighPeak Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd.

HighPeak Energy Stock Up 6.2%

HPK stock opened at $4.79 on Wednesday. The business’s 50-day moving average price is $4.74 and its 200-day moving average price is $6.37. The stock has a market cap of $601.58 million, a P/E ratio of 13.31 and a beta of 0.64. The company has a quick ratio of 1.58, a current ratio of 1.65 and a debt-to-equity ratio of 0.71. HighPeak Energy has a twelve month low of $3.85 and a twelve month high of $14.99.

HighPeak Energy (NASDAQ:HPK) last released its 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 during the quarter, compared to analysts’ expectations of $224.48 million. During the same period in the prior year, the company posted $0.35 earnings per share. The company’s revenue was down 30.5% compared to the same quarter last year. On average, equities research analysts forecast that HighPeak Energy will post 0.78 EPS for the current year.

Institutional Investors Weigh In On HighPeak Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of HighPeak Energy by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock worth $18,850,000 after acquiring an additional 94,834 shares during the last quarter. American Century Companies Inc. lifted its stake in HighPeak Energy by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock worth $8,670,000 after purchasing an additional 72,551 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after purchasing an additional 70,590 shares during the last quarter. Denali Advisors LLC grew its position in shares of HighPeak Energy by 6.0% during the fourth quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock valued at $2,928,000 after purchasing an additional 35,096 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of HighPeak Energy by 3.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 478,462 shares of the company’s stock valued at $3,383,000 after purchasing an additional 16,705 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

About HighPeak Energy

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware‐incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.