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

Wall Street Zen upgraded shares of HighPeak Energy (NASDAQ:HPK) from a sell rating to a hold rating in a report issued on Sunday.

HPK has been the subject of several other reports. Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings restated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.00.

HighPeak Energy Stock Performance

NASDAQ HPK opened at $7.43 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $939.52 million, a P/E ratio of -9.41 and a beta of 0.35. HighPeak Energy has a 12-month low of $3.85 and a 12-month high of $9.13. The firm has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $6.54.

Hedge Funds Weigh In On HighPeak Energy

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its position in shares of HighPeak Energy by 1.9% in the 1st quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock valued at $2,357,000 after buying an additional 3,431 shares in the last quarter. Jane Street Group LLC boosted its position in shares of HighPeak Energy by 79.6% during the 1st quarter. Jane Street Group LLC now owns 20,368 shares of the company’s stock worth $258,000 after acquiring an additional 9,029 shares in the last quarter. Strs Ohio acquired a new stake in shares of HighPeak Energy during the 1st quarter worth approximately $60,000. Geode Capital Management LLC boosted its position in shares of HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock worth $6,273,000 after acquiring an additional 70,590 shares in the last quarter. Finally, Creative Planning bought a new position in HighPeak Energy in the second quarter valued at approximately $225,000. 24.13% of the stock is owned by 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.