HighPeak Energy (NASDAQ:HPK) Stock Price Down 5.1% - Time to Sell?

HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report)'s stock price dropped 5.1% during mid-day trading on Friday . The company traded as low as $13.97 and last traded at $14.00. Approximately 75,618 shares were traded during trading, a decline of 76% from the average daily volume of 321,714 shares. The stock had previously closed at $14.75.

Analysts Set New Price Targets

Separately, Truist Financial increased their price objective on HighPeak Energy from $12.00 to $14.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th.

HighPeak Energy Price Performance

The company has a market cap of $1.78 billion, a PE ratio of 11.08 and a beta of 0.73. The business has a 50 day moving average of $14.36 and a 200 day moving average of $14.79. 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 (NASDAQ:HPK - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.23 by $0.12. The firm had revenue of $271.60 million during the quarter, compared to analysts' expectations of $270.18 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The company's quarterly revenue was down 21.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. As a group, research analysts predict that HighPeak Energy, Inc. will post 0.77 EPS for the current year.

HighPeak Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 1.14%. HighPeak Energy's payout ratio is 12.60%.

Insiders Place Their Bets

In other HighPeak Energy news, CEO Jack Hightower purchased 100,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average cost of $15.54 per share, for a total transaction of $1,554,000.00. Following the purchase, the chief executive officer now directly owns 4,959,255 shares in the company, valued at $77,066,822.70. The trade was a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 77.50% of the company's stock.

Institutional Investors Weigh In On HighPeak Energy

Several hedge funds have recently bought and sold shares of HPK. Blue Trust Inc. bought a new stake in HighPeak Energy in the second quarter worth $40,000. Innealta Capital LLC bought a new position in HighPeak Energy in the 2nd quarter worth about $86,000. SG Americas Securities LLC purchased a new stake in HighPeak Energy during the 3rd quarter valued at about $107,000. Solstein Capital LLC increased its stake in HighPeak Energy by 33.3% during the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company's stock valued at $112,000 after purchasing an additional 2,000 shares in the last quarter. Finally, FMR LLC increased its stake in HighPeak Energy by 766.6% during the 3rd quarter. FMR LLC now owns 8,016 shares of the company's stock valued at $111,000 after purchasing an additional 7,091 shares in the last quarter. Institutional investors own 24.13% of the company's stock.

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.