HighPeak Energy (NASDAQ:HPK) Sets New 52-Week Low – Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK) shares reached a new 52-week low on Monday . The company traded as low as $12.25 and last traded at $12.18, with a volume of 147047 shares trading hands. The stock had previously closed at $12.88.

Wall Street Analyst Weigh In

Separately, Truist Financial upped their target price on shares of HighPeak Energy from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, January 13th.

HighPeak Energy Price Performance

The firm has a 50-day moving average of $14.23 and a 200-day moving average of $14.44. The stock has a market cap of $1.51 billion, a PE ratio of 9.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93.

HighPeak Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, March 3rd. HighPeak Energy’s payout ratio is currently 12.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HPK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of HighPeak Energy by 5.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,829 shares of the company’s stock worth $438,000 after buying an additional 1,608 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of HighPeak Energy by 32.2% during the 4th quarter. Two Sigma Investments LP now owns 58,877 shares of the company’s stock worth $865,000 after acquiring an additional 14,329 shares in the last quarter. Numerai GP LLC boosted its position in shares of HighPeak Energy by 36.4% during the 4th quarter. Numerai GP LLC now owns 55,173 shares of the company’s stock valued at $811,000 after acquiring an additional 14,720 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of HighPeak Energy in the fourth quarter valued at $270,000. Finally, Deutsche Bank AG grew its holdings in shares of HighPeak Energy by 176.7% in the fourth quarter. Deutsche Bank AG now owns 20,510 shares of the company’s stock valued at $301,000 after purchasing an additional 13,098 shares in the last quarter. Hedge funds and other institutional investors 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.