Wall Street Zen Upgrades HighPeak Energy (NASDAQ:HPK) to “Hold”

HighPeak Energy (NASDAQ:HPK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Zacks Research downgraded HighPeak Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.00.

HighPeak Energy Price Performance

HPK stock opened at $5.82 on Friday. The company has a 50 day moving average of $6.23 and a two-hundred day moving average of $5.61. The company has a market cap of $735.42 million, a price-to-earnings ratio of -4.89 and a beta of 0.34. HighPeak Energy has a 12-month low of $3.85 and a 12-month high of $12.00. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.75.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%. The business had revenue of $215.89 million for the quarter, compared to analysts’ expectations of $210.14 million. During the same period in the previous year, the company posted $0.31 EPS. HighPeak Energy’s revenue was down 20.7% on a year-over-year basis. On average, equities analysts anticipate that HighPeak Energy will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Independent Financial Group LLC acquired a new stake in shares of HighPeak Energy in the 1st quarter valued at $179,000. Bank of New York Mellon Corp increased its position in HighPeak Energy by 6.9% during the first quarter. Bank of New York Mellon Corp now owns 868,683 shares of the company’s stock worth $5,994,000 after buying an additional 55,955 shares during the last quarter. Hsbc Holdings PLC acquired a new position in HighPeak Energy during the first quarter worth $255,000. Kestra Advisory Services LLC bought a new position in HighPeak Energy during the first quarter valued at about $70,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of HighPeak Energy in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

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.