HighPeak Energy (NASDAQ:HPK - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.12, Briefing.com reports. The business had revenue of $271.60 million for the quarter, compared to the consensus estimate of $270.18 million. HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The business's revenue was down 21.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS.
HighPeak Energy Stock Up 11.2 %
NASDAQ:HPK traded up $1.46 during midday trading on Tuesday, reaching $14.52. 781,496 shares of the stock traded hands, compared to its average volume of 329,973. The stock has a market capitalization of $1.86 billion, a PE ratio of 12.10 and a beta of 0.69. HighPeak Energy has a 12-month low of $12.20 and a 12-month high of $17.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.93. The business has a 50-day moving average of $14.47 and a two-hundred day moving average of $14.80.
Insiders Place Their Bets
In other HighPeak Energy news, CEO Jack Hightower acquired 100,000 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was purchased at an average price of $15.54 per share, for a total transaction of $1,554,000.00. Following the acquisition, the chief executive officer now owns 4,959,255 shares in the company, valued at approximately $77,066,822.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have bought 203,821 shares of company stock valued at $3,154,206. 77.50% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Separately, Truist Financial cut their target price 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.
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About HighPeak Energy
(
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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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