HighPeak Energy, Inc. (NASDAQ:HPK) Receives Consensus Rating of “Reduce” from Brokerages

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) have earned an average recommendation of “Reduce” from the five ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $11.6667.

HPK has been the subject of several recent research reports. Roth Mkm initiated coverage on shares of HighPeak Energy in a research note on Monday, October 13th. They set a “buy” rating and a $12.00 target price for the company. Wall Street Zen cut HighPeak Energy from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Zacks Research lowered HighPeak Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th.

Institutional Investors Weigh In On HighPeak Energy

A number of large investors have recently made changes to their positions in HPK. AlphaQuest LLC boosted its position in shares of HighPeak Energy by 905.5% in the second quarter. AlphaQuest LLC now owns 42,463 shares of the company’s stock worth $416,000 after buying an additional 38,240 shares during the period. Denali Advisors LLC raised its stake in shares of HighPeak Energy by 10.8% during the 2nd quarter. Denali Advisors LLC now owns 522,525 shares of the company’s stock worth $5,121,000 after purchasing an additional 50,977 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in HighPeak Energy by 54.9% during the second quarter. Creative Financial Designs Inc. ADV now owns 461,757 shares of the company’s stock valued at $4,525,000 after acquiring an additional 163,720 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of HighPeak Energy during the 2nd quarter worth $330,000. Finally, Inspire Investing LLC bought a new position in shares of HighPeak Energy during the 3rd quarter valued at $464,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Price Performance

Shares of HighPeak Energy stock opened at $4.79 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $4.74 and its two-hundred day moving average price is $6.34. HighPeak Energy has a 52 week low of $3.85 and a 52 week high of $14.99. The stock has a market cap of $601.56 million, a PE ratio of 13.31 and a beta of 0.64.

HighPeak Energy Company Profile

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware‐incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.