Insider Buying: HighPeak Energy, Inc. (NASDAQ:HPK) CEO Purchases 100,000 Shares of Stock

HighPeak Energy, Inc. (NASDAQ:HPK) CEO Jack Hightower acquired 100,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was acquired at an average price of $15.54 per share, with a total value of $1,554,000.00. Following the acquisition, the chief executive officer now owns 4,959,255 shares in the company, valued at approximately $77,066,822.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jack Hightower also recently made the following trade(s):

• On Tuesday, September 3rd, Jack Hightower bought 36,078 shares of HighPeak Energy stock. The shares were acquired at an average cost of $15.25 per share, for a total transaction of $550,189.50.
• On Thursday, August 29th, Jack Hightower purchased 17,743 shares of HighPeak Energy stock. The stock was acquired at an average cost of $15.50 per share, with a total value of $275,016.50.
• On Tuesday, August 27th, Jack Hightower acquired 50,000 shares of HighPeak Energy stock. The shares were bought at an average cost of $15.50 per share, for a total transaction of $775,000.00.

HighPeak Energy Stock Down 0.8 %

Shares of NASDAQ:HPK opened at $15.37 on Wednesday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 12.40 and a beta of 0.68. 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 stock has a 50 day moving average price of $15.36 and a 200-day moving average price of $15.08. HighPeak Energy, Inc. has a 52-week low of $12.20 and a 52-week high of $18.42.

HighPeak Energy (NASDAQ:HPK) last announced 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 business posted $0.28 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts anticipate that HighPeak Energy, Inc. will post 1.07 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 3rd. HighPeak Energy’s payout ratio is currently 12.90%.

Analysts Set New Price Targets

Separately, Truist Financial lifted their target price on shares of HighPeak Energy from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Monday, July 22nd.

Hedge Funds Weigh In On HighPeak Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Intrinsic Edge Capital Management LLC purchased a new stake in shares of HighPeak Energy in the fourth quarter worth $3,636,000. Denali Advisors LLC boosted its stake in HighPeak Energy by 80.2% in the 2nd quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock worth $4,496,000 after purchasing an additional 142,300 shares in the last quarter. Interval Partners LP purchased a new stake in HighPeak Energy during the 2nd quarter valued at about $1,684,000. American Century Companies Inc. increased its stake in HighPeak Energy by 26.8% during the 2nd quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock valued at $7,321,000 after purchasing an additional 110,099 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in HighPeak Energy by 15.6% in the first quarter. Wasatch Advisors LP now owns 521,150 shares of the company’s stock worth $8,219,000 after buying an additional 70,385 shares during 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.