HighPeak Energy (NASDAQ:HPK) Stock Rating Lowered by Wall Street Zen

HighPeak Energy (NASDAQ:HPK) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other analysts have also issued reports on HPK. Weiss Ratings restated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

HighPeak Energy Price Performance

HighPeak Energy stock opened at $7.18 on Monday. HighPeak Energy has a twelve month low of $3.85 and a twelve month high of $11.79. The firm has a 50 day moving average price of $6.93 and a 200-day moving average price of $5.86. The company has a market capitalization of $907.26 million, a P/E ratio of -6.03 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.75.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.The business had revenue of $215.89 million for the quarter, compared to the consensus estimate of $210.14 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. HighPeak Energy’s revenue for the quarter was down 20.7% on a year-over-year basis. As a group, equities analysts predict that HighPeak Energy will post -0.14 EPS for the current year.

Institutional Investors Weigh In On HighPeak Energy

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new position in shares of HighPeak Energy in the first quarter worth $104,000. Independent Financial Group LLC purchased a new stake in shares of HighPeak Energy in the first quarter worth $179,000. Bank of New York Mellon Corp boosted its stake in HighPeak Energy by 6.9% during the first quarter. Bank of New York Mellon Corp now owns 868,683 shares of the company’s stock valued at $5,994,000 after buying an additional 55,955 shares during the period. Hsbc Holdings PLC bought a new stake in HighPeak Energy during the first quarter valued at $255,000. Finally, Kestra Advisory Services LLC purchased a new position in HighPeak Energy during the first quarter worth about $70,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.

About HighPeak Energy

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.