HighPeak Energy, Inc. (NASDAQ:HPK) Receives Average Rating of “Reduce” from Brokerages

HighPeak Energy, Inc. (NASDAQ:HPK) has been given a consensus recommendation of “Reduce” by the five brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $11.6667.

Several brokerages have recently weighed in on HPK. Weiss Ratings reiterated a “sell (d+)” rating on shares of HighPeak Energy in a research note on Monday, December 29th. Zacks Research downgraded shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd.

HighPeak Energy Stock Up 2.4%

HPK stock opened at $5.21 on Friday. The company has a market cap of $654.32 million, a price-to-earnings ratio of 14.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.58 and a current ratio of 1.65. The business’s 50-day moving average is $4.65 and its two-hundred day moving average is $5.94. HighPeak Energy has a fifty-two week low of $3.85 and a fifty-two week high of $13.11.

Hedge Funds Weigh In On HighPeak Energy

Several institutional investors and hedge funds have recently bought and sold shares of HPK. State of Alaska Department of Revenue purchased a new stake in HighPeak Energy in the third quarter worth about $31,000. Strs Ohio bought a new position in shares of HighPeak Energy during the 1st quarter valued at approximately $60,000. Raymond James Financial Inc. purchased a new stake in HighPeak Energy in the 2nd quarter worth approximately $49,000. Stokes Family Office LLC bought a new stake in HighPeak Energy during the 4th quarter worth approximately $48,000. Finally, The Manufacturers Life Insurance Company bought a new stake in HighPeak Energy during the 4th quarter worth approximately $51,000. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

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.