HighPeak Energy, Inc. (NASDAQ:HPK) Short Interest Update

HighPeak Energy, Inc. (NASDAQ:HPK) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,260,000 shares, an increase of 16.4% from the November 15th total of 5,380,000 shares. Based on an average trading volume of 337,100 shares, the short-interest ratio is currently 18.6 days. Currently, 33.7% of the company’s shares are sold short.

HighPeak Energy Price Performance

Shares of HPK traded up $0.05 during midday trading on Monday, hitting $14.37. The company’s stock had a trading volume of 195,270 shares, compared to its average volume of 321,008. HighPeak Energy has a one year low of $12.47 and a one year high of $17.48. The company’s fifty day simple moving average is $14.32 and its two-hundred day simple moving average is $14.76. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 11.28 and a beta of 0.73.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Monday, November 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.12. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The company had revenue of $271.60 million for the quarter, compared to the consensus estimate of $270.18 million. During the same quarter last year, the business posted $0.46 EPS. HighPeak Energy’s revenue for the quarter was down 21.4% on a year-over-year basis. As a group, equities analysts expect that HighPeak Energy will post 0.77 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.11%. The ex-dividend date is Monday, December 2nd. HighPeak Energy’s payout ratio is presently 12.60%.

Insider Buying and Selling at HighPeak Energy

In other news, CEO Jack Hightower acquired 100,000 shares of HighPeak Energy stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $15.54 per share, with a total value of $1,554,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,959,255 shares of the company’s stock, valued at approximately $77,066,822.70. This represents a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 77.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HPK. Blue Trust Inc. bought a new stake in HighPeak Energy in the 2nd quarter valued at about $40,000. Innealta Capital LLC bought a new stake in HighPeak Energy in the 2nd quarter valued at about $86,000. SG Americas Securities LLC bought a new stake in HighPeak Energy during the 3rd quarter worth approximately $107,000. FMR LLC increased its holdings in HighPeak Energy by 766.6% during the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock worth $111,000 after purchasing an additional 7,091 shares in the last quarter. Finally, Solstein Capital LLC increased its holdings in HighPeak Energy by 33.3% during the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock worth $112,000 after purchasing an additional 2,000 shares in the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial upped their price objective on HighPeak Energy from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th.

About HighPeak Energy

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.