HighPeak Energy (NASDAQ:HPK) Rating Lowered to “Sell” at Wall Street Zen

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

HPK has been the topic of a number of other research reports. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reissued a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy Trading Down 8.9%

Shares of NASDAQ:HPK opened at $7.56 on Friday. The company has a market capitalization of $955.28 million, a P/E ratio of -6.35 and a beta of 0.35. HighPeak Energy has a 1 year low of $3.85 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.67 and a quick ratio of 0.66. The business’s 50 day simple moving average is $6.79 and its 200 day simple moving average is $5.76.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $215.89 million for the quarter, compared to the consensus estimate of $210.14 million. HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, research analysts anticipate that HighPeak Energy will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On HighPeak Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Texas Capital Bank Wealth Management Services Inc bought a new stake in HighPeak Energy during the fourth quarter worth $2,257,000. Kestra Advisory Services LLC bought a new stake in HighPeak Energy during the first quarter worth $70,000. Independent Financial Group LLC bought a new stake in HighPeak Energy during the first quarter worth $179,000. Caitong International Asset Management Co. Ltd bought a new stake in HighPeak Energy during the fourth quarter worth $29,000. Finally, Alpine Global Management LLC bought a new stake in HighPeak Energy during the fourth quarter worth $200,000. 24.13% of the stock is currently owned by institutional investors.

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.