HighPeak Energy (NASDAQ:HPK) Stock Price Up 8.1% – Still a Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) were up 8.1% on Wednesday . The company traded as high as $7.91 and last traded at $7.9540. Approximately 41,488 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 958,609 shares. The stock had previously closed at $7.36.

Analyst Ratings Changes

HPK has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. Wall Street Zen lowered HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. 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. According to data from MarketBeat.com, HighPeak Energy has a consensus rating of “Hold” and a consensus target price of $12.00.

HighPeak Energy Trading Up 9.5%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.67. The company has a 50-day simple moving average of $6.81 and a 200 day simple moving average of $5.79. The company has a market capitalization of $1.02 billion, a P/E ratio of -6.78 and a beta of 0.35.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $215.89 million for the quarter, compared to the consensus estimate of $210.14 million. HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.The company’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. Sell-side analysts expect that HighPeak Energy, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HPK. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of HighPeak Energy during the fourth quarter valued at approximately $2,257,000. Raymond James Financial Inc. bought a new stake in shares of HighPeak Energy during the second quarter valued at approximately $49,000. Stokes Family Office LLC bought a new stake in shares of HighPeak Energy during the fourth quarter valued at approximately $48,000. Bank of New York Mellon Corp increased its position in shares of 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 valued at $5,994,000 after purchasing an additional 55,955 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of HighPeak Energy during the first quarter valued at approximately $255,000. 24.13% of the stock is owned by institutional investors.

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.