HighPeak Energy, Inc. (HPK) To Go Ex-Dividend on March 3rd

HighPeak Energy, Inc. (NASDAQ:HPK) announced a quarterly dividend on Friday, February 14th, RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.04 per share on Tuesday, March 25th. This represents a $0.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Monday, March 3rd.

HighPeak Energy has increased its dividend payment by an average of 28.7% per year over the last three years. HighPeak Energy has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HighPeak Energy to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 16.7%.

HighPeak Energy Stock Up 0.2 %

Shares of NASDAQ HPK opened at $12.92 on Friday. HighPeak Energy has a 1 year low of $12.48 and a 1 year high of $17.48. The firm’s 50 day moving average price is $14.23 and its 200 day moving average price is $14.45. The firm has a market cap of $1.64 billion, a P/E ratio of 10.17 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96.

Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price target on shares of HighPeak Energy from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, January 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.