HighPeak Energy (NASDAQ:HPK - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07), Briefing.com reports. The company had revenue of $234.81 million for the quarter, compared to analysts' expectations of $247.32 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The firm's revenue was down 22.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share.
HighPeak Energy Trading Up 2.3 %
HPK traded up $0.25 during midday trading on Wednesday, hitting $11.19. The company's stock had a trading volume of 134,713 shares, compared to its average volume of 250,206. The firm has a market cap of $1.42 billion, a P/E ratio of 8.81 and a beta of 0.76. HighPeak Energy has a 52-week low of $10.66 and a 52-week high of $17.48. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $13.84 and a two-hundred day moving average price of $14.26.
HighPeak Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, March 3rd. HighPeak Energy's payout ratio is 12.60%.
Wall Street Analysts Forecast Growth
Separately, Truist Financial increased their price objective on HighPeak Energy from $14.00 to $15.00 and gave the stock a "hold" rating in a research report on Monday, January 13th.
Check Out Our Latest Stock Report on HighPeak Energy
HighPeak Energy Company Profile
(
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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.
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