HighPeak Energy (NASDAQ:HPK) Upgraded at Zacks Research

Zacks Research upgraded shares of HighPeak Energy (NASDAQ:HPK) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. 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 company. According to MarketBeat.com, HighPeak Energy has a consensus rating of “Hold” and an average target price of $11.00.

HighPeak Energy Stock Down 0.7%

NASDAQ HPK opened at $6.82 on Tuesday. 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 market cap of $856.52 million, a price-to-earnings ratio of 75.79 and a beta of 0.64. The company has a 50 day moving average of $5.06 and a 200-day moving average of $5.80. HighPeak Energy has a 1-year low of $3.85 and a 1-year high of $13.11.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in HighPeak Energy during the third quarter valued at approximately $31,000. Strs Ohio acquired a new stake in shares of HighPeak Energy in the 1st quarter valued at $60,000. Raymond James Financial Inc. bought a new position in shares of HighPeak Energy in the 2nd quarter valued at $49,000. Caitong International Asset Management Co. Ltd bought a new position in shares of HighPeak Energy in the 4th quarter valued at $29,000. Finally, Stokes Family Office LLC acquired a new position in shares of HighPeak Energy during the 4th quarter worth $48,000. 24.13% of the stock is owned by 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.