Q3 EPS Estimates for HighPeak Energy Lowered by Roth Capital

HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) - Stock analysts at Roth Capital reduced their Q3 2024 EPS estimates for shares of HighPeak Energy in a research note issued on Monday, October 28th. Roth Capital analyst J. White now expects that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.49. The consensus estimate for HighPeak Energy's current full-year earnings is $0.91 per share. Roth Capital also issued estimates for HighPeak Energy's Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.06 EPS.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.22). HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The firm had revenue of $275.30 million for the quarter, compared to the consensus estimate of $282.56 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year.

Separately, Truist Financial cut their price target on HighPeak Energy from $14.00 to $12.00 and set a "hold" rating on the stock in a research note on Monday, September 30th.

HighPeak Energy Trading Down 2.4 %

NASDAQ HPK traded down $0.32 during trading hours on Thursday, hitting $12.80. The company's stock had a trading volume of 447,180 shares, compared to its average volume of 327,451. HighPeak Energy has a twelve month low of $12.20 and a twelve month high of $18.22. The firm has a market capitalization of $1.64 billion, a P/E ratio of 10.67 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $14.57 and a 200 day moving average of $14.83.

Hedge Funds Weigh In On HighPeak Energy

Several institutional investors have recently modified their holdings of HPK. Solstein Capital LLC boosted its stake in HighPeak Energy by 33.3% in the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company's stock worth $112,000 after purchasing an additional 2,000 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of HighPeak Energy during the first quarter worth about $44,000. Blue Trust Inc. bought a new position in shares of HighPeak Energy during the second quarter worth about $40,000. Dimensional Fund Advisors LP raised its position in HighPeak Energy by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company's stock valued at $728,000 after buying an additional 3,497 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in HighPeak Energy in the 2nd quarter valued at approximately $86,000. Institutional investors own 24.13% of the company's stock.

Insider Activity at HighPeak Energy

In other news, CEO Jack Hightower purchased 17,743 shares of HighPeak Energy stock in a transaction dated Thursday, August 29th. The shares were bought at an average cost of $15.50 per share, with a total value of $275,016.50. Following the completion of the transaction, the chief executive officer now directly owns 4,805,350 shares in the company, valued at $74,482,925. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 203,821 shares of company stock worth $3,154,206 in the last ninety days. Company insiders own 77.50% of the company's stock.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 3rd were paid a $0.04 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.25%. HighPeak Energy's dividend payout ratio (DPR) is presently 13.33%.

About HighPeak Energy

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.