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

Wall Street Zen lowered shares of HighPeak Energy (NASDAQ:HPK) from a sell rating to a strong sell rating in a research note published on Sunday morning.

A number of other research analysts also recently commented on HPK. Zacks Research raised shares of HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HighPeak Energy has a consensus rating of “Hold” and a consensus target price of $12.00.

HighPeak Energy Price Performance

Shares of NASDAQ HPK opened at $5.89 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.10 and a current ratio of 1.13. HighPeak Energy has a fifty-two week low of $3.85 and a fifty-two week high of $12.00. The firm has a market capitalization of $744.26 million, a PE ratio of 65.45 and a beta of 0.60. The stock’s 50-day simple moving average is $5.88 and its 200-day simple moving average is $5.70.

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

Hedge Funds Weigh In On HighPeak Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in HighPeak Energy in the 4th quarter valued at $51,000. Stokes Family Office LLC acquired a new stake in HighPeak Energy in the fourth quarter valued at about $48,000. Caitong International Asset Management Co. Ltd acquired a new stake in HighPeak Energy in the fourth quarter valued at about $29,000. Alpine Global Management LLC acquired a new stake in HighPeak Energy in the fourth quarter valued at about $200,000. Finally, Aristides Capital LLC acquired a new stake in HighPeak Energy in the fourth quarter valued at about $194,000. 24.13% of the stock is currently owned by hedge funds and other 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.