HighPeak Energy (NASDAQ:HPK) Hits New 52-Week Low - Should You Sell?

HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $7.82 and last traded at $9.80, with a volume of 751066 shares. The stock had previously closed at $8.19.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HPK shares. Bank of America started coverage on shares of HighPeak Energy in a report on Monday, April 7th. They set an "underperform" rating and a $10.00 price objective on the stock. Truist Financial dropped their price target on HighPeak Energy from $15.00 to $13.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th.

HighPeak Energy Trading Up 0.2 %

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 6.86 and a beta of 0.82. The firm's 50-day moving average is $12.14 and its 200-day moving average is $13.59. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The business had revenue of $234.81 million for the quarter, compared to analyst estimates of $247.32 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm's quarterly revenue was down 22.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 3rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.84%. HighPeak Energy's payout ratio is 23.88%.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in shares of HighPeak Energy in the 4th quarter worth $26,000. FMR LLC lifted its position in shares of 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 buying an additional 7,091 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of HighPeak Energy in the 4th quarter worth approximately $112,000. AlphaQuest LLC grew its holdings in shares of HighPeak Energy by 509.9% in the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company's stock valued at $118,000 after acquiring an additional 6,726 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of HighPeak Energy by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 9,180 shares of the company's stock valued at $135,000 after acquiring an additional 1,857 shares during the last quarter. 24.13% of the stock is owned by hedge funds and other institutional investors.

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.