FY2024 EPS Estimate for HighPeak Energy Reduced by Analyst

HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) - Stock analysts at Roth Capital dropped their FY2024 EPS estimates for shares of HighPeak Energy in a note issued to investors on Tuesday, February 25th. Roth Capital analyst J. White now expects that the company will post earnings of $0.71 per share for the year, down from their previous estimate of $0.74. The consensus estimate for HighPeak Energy's current full-year earnings is $0.78 per share. Roth Capital also issued estimates for HighPeak Energy's Q2 2025 earnings at $0.22 EPS and FY2025 earnings at $1.12 EPS.

Separately, Truist Financial lifted their price target on shares of HighPeak Energy from $14.00 to $15.00 and gave the company a "hold" rating in a report on Monday, January 13th.

HighPeak Energy Stock Performance

Shares of HPK stock traded up $0.13 on Friday, hitting $12.09. 186,171 shares of the stock traded hands, compared to its average volume of 231,633. The company has a market capitalization of $1.53 billion, a PE ratio of 9.52 and a beta of 0.73. The company's fifty day moving average is $14.18 and its 200 day moving average is $14.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. HighPeak Energy has a 1-year low of $11.52 and a 1-year high of $17.48.

Institutional Investors Weigh In On HighPeak Energy

A number of hedge funds have recently added to or reduced their stakes in HPK. BNP Paribas Financial Markets bought a new stake in HighPeak Energy in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its position in HighPeak Energy by 101.1% during the 3rd quarter. Blue Trust Inc. now owns 5,678 shares of the company's stock worth $80,000 after acquiring an additional 2,854 shares during the period. FMR LLC boosted its position in HighPeak Energy by 766.6% during the 3rd quarter. FMR LLC now owns 8,016 shares of the company's stock worth $111,000 after acquiring an additional 7,091 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of HighPeak Energy in the fourth quarter worth $112,000. Finally, AlphaQuest LLC increased its holdings in shares of HighPeak Energy by 509.9% during the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company's stock valued at $118,000 after purchasing an additional 6,726 shares during the period. 24.13% of the stock is currently owned by institutional investors.

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HighPeak Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.32%. HighPeak Energy's payout ratio is currently 12.60%.

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.