HighPeak Energy (HPK) Scheduled to Post Quarterly Earnings on Monday

HighPeak Energy (NASDAQ:HPK - Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect HighPeak Energy to post earnings of $0.37 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its earnings results 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). The firm had revenue of $275.30 million during the quarter, compared to analysts' expectations of $282.56 million. HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. On average, analysts expect HighPeak Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HighPeak Energy Trading Down 4.9 %

Shares of HPK traded down $0.70 during trading hours on Monday, hitting $13.69. The stock had a trading volume of 355,988 shares, compared to its average volume of 327,023. 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 firm has a market cap of $1.75 billion, a P/E ratio of 11.38 and a beta of 0.68. The company's fifty day simple moving average is $14.74 and its 200 day simple moving average is $14.89. HighPeak Energy has a 12-month low of $12.20 and a 12-month high of $18.22.

HighPeak Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 3rd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, September 3rd. HighPeak Energy's dividend payout ratio (DPR) is presently 13.33%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at HighPeak Energy

In other HighPeak Energy news, CEO Jack Hightower purchased 100,000 shares of HighPeak Energy stock in a transaction dated Friday, September 20th. The shares were bought at an average cost of $15.54 per share, for a total transaction of $1,554,000.00. Following the transaction, the chief executive officer now owns 4,959,255 shares in the company, valued at $77,066,822.70. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have acquired 203,821 shares of company stock worth $3,154,206. 77.50% of the stock is currently owned by insiders.

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.