HighPeak Energy (NASDAQ:HPK) Sets New 1-Year Low – Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $9.54 and last traded at $9.67, with a volume of 311804 shares. The stock had previously closed at $11.34.

Analysts Set New Price Targets

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

HighPeak Energy Stock Down 14.6 %

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $1.22 billion, a PE ratio of 7.63 and a beta of 0.82. The company’s fifty day moving average is $12.96 and its 200-day moving average is $13.94.

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

HighPeak Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.65%. HighPeak Energy’s payout ratio is 23.88%.

Institutional Trading of HighPeak Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of HighPeak Energy by 5.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,829 shares of the company’s stock valued at $438,000 after acquiring an additional 1,608 shares during the last quarter. Two Sigma Investments LP grew its position in HighPeak Energy by 32.2% in the fourth quarter. Two Sigma Investments LP now owns 58,877 shares of the company’s stock worth $865,000 after acquiring an additional 14,329 shares in the last quarter. Numerai GP LLC raised its position in HighPeak Energy by 36.4% during the fourth quarter. Numerai GP LLC now owns 55,173 shares of the company’s stock valued at $811,000 after purchasing an additional 14,720 shares during the period. Lazard Asset Management LLC purchased a new position in shares of HighPeak Energy in the 4th quarter worth approximately $270,000. Finally, Deutsche Bank AG lifted its holdings in shares of HighPeak Energy by 176.7% in the 4th quarter. Deutsche Bank AG now owns 20,510 shares of the company’s stock worth $301,000 after acquiring an additional 13,098 shares during the last quarter. Institutional investors own 24.13% of the company’s stock.

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.