Short Interest in HighPeak Energy, Inc. (NASDAQ:HPK) Rises By 29.8%

HighPeak Energy, Inc. (NASDAQ:HPK) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,530,000 shares, a growth of 29.8% from the February 13th total of 4,260,000 shares. Based on an average trading volume of 264,000 shares, the short-interest ratio is currently 20.9 days. Approximately 29.7% of the company’s stock are short sold.

Institutional Trading of HighPeak Energy

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in shares of HighPeak Energy by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,719 shares of the company’s stock worth $2,701,000 after acquiring an additional 1,445 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of HighPeak Energy by 5.7% during 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 acquiring an additional 1,608 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of HighPeak Energy during the fourth quarter worth about $26,000. Wells Fargo & Company MN grew its position in shares of HighPeak Energy by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 9,180 shares of the company’s stock worth $135,000 after acquiring an additional 1,857 shares during the last quarter. Finally, Barclays PLC grew its position in shares of HighPeak Energy by 9.4% during the fourth quarter. Barclays PLC now owns 27,242 shares of the company’s stock worth $400,000 after acquiring an additional 2,331 shares during the last quarter. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Stock Down 1.9 %

HPK stock opened at $12.08 on Wednesday. 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 has a 1-year low of $10.66 and a 1-year high of $17.48. The firm has a fifty day moving average price of $13.53 and a two-hundred day moving average price of $14.12. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 9.51 and a beta of 0.76.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Monday, March 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The business had revenue of $234.81 million for the quarter, compared to the consensus estimate of $247.32 million. During the same quarter in the previous year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. Research analysts predict that HighPeak Energy will post 0.78 EPS for the current year.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.16 annualized dividend and a yield of 1.32%. HighPeak Energy’s payout ratio is 23.88%.

Analysts Set New Price Targets

Separately, Truist Financial cut their price target on shares of HighPeak Energy from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, March 13th.

HighPeak Energy Company Profile

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.