HighPeak Energy, Inc. (NASDAQ:HPK) Given Consensus Recommendation of “Reduce” by Analysts

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) have been assigned a consensus rating of “Reduce” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.6667.

Several equities analysts have recently commented on the company. Zacks Research downgraded HighPeak Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th.

Hedge Funds Weigh In On HighPeak Energy

A number of hedge funds and other institutional investors have recently modified their holdings of HPK. State of Alaska Department of Revenue bought a new stake in HighPeak Energy in the 3rd quarter valued at $31,000. Strs Ohio bought a new position in shares of HighPeak Energy during the 1st quarter valued at about $60,000. Raymond James Financial Inc. purchased a new position in shares of HighPeak Energy during the second quarter valued at about $49,000. Stokes Family Office LLC purchased a new position in shares of HighPeak Energy during the fourth quarter valued at about $48,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of HighPeak Energy in the fourth quarter worth about $51,000. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Stock Up 2.4%

HPK opened at $5.21 on Friday. The stock has a market cap of $654.32 million, a price-to-earnings ratio of 14.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.58 and a current ratio of 1.65. The firm’s fifty day moving average is $4.65 and its 200 day moving average is $5.94. HighPeak Energy has a fifty-two week low of $3.85 and a fifty-two week high of $13.11.

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.