HighPeak Energy (NASDAQ:HPK) Rating Increased to Hold at Zacks Research

HighPeak Energy (NASDAQ:HPK) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.00.

HighPeak Energy Price Performance

NASDAQ:HPK opened at $7.06 on Monday. The stock has a market cap of $892.09 million, a P/E ratio of -5.93 and a beta of 0.34. HighPeak Energy has a one year low of $3.85 and a one year high of $12.00. The company has a fifty day moving average price of $6.65 and a 200 day moving average price of $5.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.67 and a quick ratio of 0.66.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $210.14 million. HighPeak Energy had a negative net margin of 18.78% and a negative return on equity of 0.73%. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Analysts anticipate that HighPeak Energy will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On HighPeak Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in HighPeak Energy in the 4th quarter valued at $29,000. Stokes Family Office LLC bought a new stake in HighPeak Energy in the 4th quarter valued at $48,000. Raymond James Financial Inc. bought a new stake in HighPeak Energy in the 2nd quarter valued at $49,000. State of Alaska Department of Revenue increased its holdings in HighPeak Energy by 135.5% in the 4th quarter. State of Alaska Department of Revenue now owns 10,624 shares of the company’s stock valued at $50,000 after buying an additional 6,112 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in HighPeak Energy in the 4th quarter valued at $51,000. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Company Profile

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.