HighPeak Energy (NASDAQ:HPK) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

HighPeak Energy (NASDAQ:HPK) issued its quarterly earnings data on Monday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07), Briefing.com reports. The company had revenue of $234.81 million for the quarter, compared to analysts’ expectations of $247.32 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The firm’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS.

HighPeak Energy Price Performance

HPK stock opened at $10.94 on Wednesday. HighPeak Energy has a 52-week low of $10.66 and a 52-week high of $17.48. The stock’s fifty day simple moving average is $13.84 and its 200-day simple moving average is $14.26. 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 $1.39 billion, a price-to-earnings ratio of 8.61 and a beta of 0.76.

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, March 3rd. HighPeak Energy’s dividend payout ratio (DPR) is 12.60%.

Analyst Ratings Changes

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