HighPeak Energy, Inc. (NASDAQ:HPK – Get Rating) – Stock analysts at Seaport Res Ptn lifted their Q2 2023 earnings per share (EPS) estimates for shares of HighPeak Energy in a research note issued to investors on Wednesday, June 21st. Seaport Res Ptn analyst N. Pope now expects that the company will post earnings per share of $0.44 for the quarter, up from their prior estimate of $0.43. The consensus estimate for HighPeak Energy’s current full-year earnings is $2.63 per share. Seaport Res Ptn also issued estimates for HighPeak Energy’s Q3 2023 earnings at $0.44 EPS, Q4 2023 earnings at $0.40 EPS, FY2023 earnings at $1.68 EPS, Q1 2024 earnings at $0.44 EPS, Q2 2024 earnings at $0.44 EPS, Q3 2024 earnings at $0.43 EPS, Q4 2024 earnings at $0.47 EPS and FY2024 earnings at $1.77 EPS.
HighPeak Energy (NASDAQ:HPK – Get Rating) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.27). The company had revenue of $223.79 million during the quarter, compared to analyst estimates of $250.20 million. HighPeak Energy had a net margin of 34.22% and a return on equity of 28.51%.
HighPeak Energy Stock Performance
Shares of HighPeak Energy stock opened at $12.29 on Friday. The company has a market capitalization of $1.39 billion, a PE ratio of 5.10 and a beta of 0.73. HighPeak Energy has a 12 month low of $11.96 and a 12 month high of $30.15. The company has a current ratio of 0.26, a quick ratio of 0.23 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $16.03 and its 200 day simple moving average is $21.52.
HighPeak Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Monday, May 1st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, April 28th. HighPeak Energy’s payout ratio is presently 4.15%.
Institutional Trading of HighPeak Energy
Hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd increased its holdings in HighPeak Energy by 81.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,271 shares of the company’s stock worth $28,000 after purchasing an additional 570 shares in the last quarter. Worth Asset Management LLC increased its holdings in HighPeak Energy by 116.6% during the 4th quarter. Worth Asset Management LLC now owns 1,282 shares of the company’s stock worth $29,000 after purchasing an additional 690 shares in the last quarter. Barclays PLC increased its holdings in HighPeak Energy by 555.9% during the 4th quarter. Barclays PLC now owns 1,876 shares of the company’s stock worth $42,000 after purchasing an additional 1,590 shares in the last quarter. Ellevest Inc. increased its holdings in HighPeak Energy by 165.3% during the 4th quarter. Ellevest Inc. now owns 2,512 shares of the company’s stock worth $57,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in HighPeak Energy by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,945 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares in the last quarter. Institutional investors and hedge funds own 10.91% of the company’s stock.
About HighPeak Energy
Pure Acquisition Corp. engages in the provision of merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. It focuses on energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is headquartered in Fort Worth, TX.
Featured Stories
- Get a free research report on HighPeak Energy from StockNews.com
- CarMax Stock Flying On Earnings Beat, Return Of The Highs?
- Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
- Smith & Wesson, A Timeless Value Play At Decade Lows
- Wayfair: From Steep Decline to Recent Surge
- Five stocks we like better than HighPeak Energy
Receive News & Ratings for HighPeak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HighPeak Energy and related companies with MarketBeat.com's FREE daily email newsletter.
