HighPeak Energy (NASDAQ:HPK – Get Free Report) had its price target reduced by research analysts at Truist Financial from $11.00 to $10.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “sell” rating on the stock. Truist Financial’s price target would suggest a potential downside of 37.81% from the stock’s previous close.
HighPeak Energy Price Performance
Shares of HPK traded up $0.12 on Friday, reaching $16.08. The stock had a trading volume of 592,423 shares, compared to its average volume of 369,303. The firm has a market capitalization of $2.06 billion, a PE ratio of 10.18 and a beta of 0.63. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average of $15.36 and a 200 day moving average of $15.47. HighPeak Energy has a twelve month low of $10.44 and a twelve month high of $24.33.
HighPeak Energy (NASDAQ:HPK – Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $301.15 million for the quarter, compared to analysts’ expectations of $329.85 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. Sell-side analysts expect that HighPeak Energy will post 1.53 EPS for the current year.
Institutional Investors Weigh In On HighPeak Energy
A number of institutional investors and hedge funds have recently modified their holdings of HPK. Barclays PLC lifted its stake in HighPeak Energy by 555.9% in the 4th quarter. Barclays PLC now owns 1,876 shares of the company’s stock valued at $42,000 after buying an additional 1,590 shares in the last quarter. UBS Group AG lifted its stake in HighPeak Energy by 69.7% in the 1st quarter. UBS Group AG now owns 2,936 shares of the company’s stock valued at $68,000 after buying an additional 1,206 shares in the last quarter. Wells Fargo & Company MN lifted its stake in HighPeak Energy by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,945 shares of the company’s stock valued at $67,000 after buying an additional 612 shares in the last quarter. Citigroup Inc. lifted its stake in HighPeak Energy by 943.3% in the 2nd quarter. Citigroup Inc. now owns 3,182 shares of the company’s stock valued at $35,000 after buying an additional 2,877 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in HighPeak Energy by 8,721.1% in the 3rd quarter. Royal Bank of Canada now owns 3,352 shares of the company’s stock valued at $73,000 after buying an additional 3,314 shares in the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.
About HighPeak Energy
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.
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