HighPeak Energy (NASDAQ:HPK) Shares Gap Down – Time to Sell?

HighPeak Energy, Inc. (NASDAQ:HPK)’s share price gapped down prior to trading on Monday . The stock had previously closed at $14.39, but opened at $13.85. HighPeak Energy shares last traded at $14.00, with a volume of 8,351 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their target price on shares of HighPeak Energy from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Monday, September 30th.

HighPeak Energy Price Performance

The business’s 50 day moving average is $14.66 and its two-hundred day moving average is $14.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.93. The firm has a market capitalization of $1.68 billion, a PE ratio of 10.93 and a beta of 0.68.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.22). HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The firm had revenue of $275.30 million for the quarter, compared to analysts’ expectations of $282.56 million. During the same period in the prior year, the firm posted $0.28 EPS. HighPeak Energy’s revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that HighPeak Energy, Inc. will post 0.91 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, September 3rd. HighPeak Energy’s dividend payout ratio is 13.33%.

Insiders Place Their Bets

In related news, CEO Jack Hightower acquired 36,078 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $15.25 per share, for a total transaction of $550,189.50. Following the completion of the transaction, the chief executive officer now owns 4,859,255 shares in the company, valued at approximately $74,103,638.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 203,821 shares of company stock worth $3,154,206 in the last ninety days. 77.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of HighPeak Energy in the 2nd quarter worth about $40,000. EverSource Wealth Advisors LLC bought a new position in HighPeak Energy during the first quarter valued at approximately $44,000. Innealta Capital LLC purchased a new position in shares of HighPeak Energy during the second quarter worth approximately $86,000. SG Americas Securities LLC bought a new stake in shares of HighPeak Energy in the 3rd quarter worth approximately $107,000. Finally, Solstein Capital LLC boosted its stake in shares of HighPeak Energy by 33.3% in the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock valued at $112,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

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.