HighPeak Energy (NASDAQ:HPK – Get Free Report) had its price objective lowered by Truist Financial from $15.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 8.51% from the stock’s previous close.
HighPeak Energy Stock Performance
Shares of HPK traded up $0.82 during mid-day trading on Thursday, hitting $11.98. The company’s stock had a trading volume of 312,623 shares, compared to its average volume of 265,386. HighPeak Energy has a one year low of $10.66 and a one year high of $17.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $1.52 billion, a PE ratio of 9.43 and a beta of 0.76. The stock’s 50-day moving average is $13.62 and its two-hundred day moving average is $14.20.
HighPeak Energy (NASDAQ:HPK – Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The business had revenue of $234.81 million during the quarter, compared to the consensus estimate of $247.32 million. During the same period in the prior year, the company posted $0.66 earnings per share. The firm’s revenue was down 22.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that HighPeak Energy will post 0.78 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in HPK. Empowered Funds LLC lifted its holdings in shares of HighPeak Energy by 5.4% during the third quarter. Empowered Funds LLC now owns 173,888 shares of the company’s stock valued at $2,414,000 after acquiring an additional 8,844 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of HighPeak Energy by 24.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock valued at $2,530,000 after buying an additional 35,483 shares in the last quarter. FMR LLC increased its stake in shares of HighPeak Energy by 766.6% in the third quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after buying an additional 7,091 shares in the last quarter. State Street Corp increased its stake in shares of HighPeak Energy by 135.1% in the third quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after buying an additional 406,536 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of HighPeak Energy by 346.6% in the third quarter. Barclays PLC now owns 24,911 shares of the company’s stock valued at $346,000 after buying an additional 19,333 shares in the last quarter. 24.13% of the stock is owned by institutional investors.
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.
Featured Articles
Before you consider HighPeak Energy, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and HighPeak Energy wasn’t on the list.
While HighPeak Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are likely to thrive in today’s challenging market? Enter your email address and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
Source: marketbeat.com
