Wall Street Zen Downgrades HighPeak Energy (NASDAQ:HPK) to Strong Sell

HighPeak Energy (NASDAQ:HPK) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Sunday.

Several other research firms have also commented on HPK. Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. Zacks Research upgraded shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy Trading Up 0.6%

Shares of HighPeak Energy stock opened at $6.34 on Friday. The stock has a market cap of $801.12 million, a price-to-earnings ratio of 70.45 and a beta of 0.60. HighPeak Energy has a 12-month low of $3.85 and a 12-month high of $12.00. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $5.82 and a 200-day simple moving average of $5.73.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Saturday, January 31st. The company reported $0.82 earnings per share for the quarter. HighPeak Energy had a net margin of 2.33% and a return on equity of 2.11%. On average, equities analysts forecast that HighPeak Energy will post 0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On HighPeak Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in HighPeak Energy by 3.7% in the third quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock worth $18,850,000 after purchasing an additional 94,834 shares during the period. Geode Capital Management LLC boosted its holdings in HighPeak Energy by 12.4% in the second quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock worth $6,273,000 after purchasing an additional 70,590 shares during the period. Denali Advisors LLC boosted its holdings in HighPeak Energy by 6.0% in the fourth quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock worth $2,928,000 after purchasing an additional 35,096 shares during the period. State Street Corp boosted its holdings in HighPeak Energy by 12.9% in the fourth quarter. State Street Corp now owns 558,108 shares of the company’s stock worth $2,645,000 after purchasing an additional 63,919 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in HighPeak Energy by 3.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 478,462 shares of the company’s stock worth $3,383,000 after purchasing an additional 16,705 shares during the period. Institutional investors and hedge funds 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.