HighPeak Energy (HPK) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $15.22 to $15.50
• 50-Day Range: $12.53 to $15.51
• 52-Week Range: $12.20 to $17.48
• Volume: 75,224 shs
• Average Volume: 325,838 shs
• Market Capitalization: $1.96 billion
• P/E Ratio: 12.19
• Dividend Yield: 1.03%
• Price Target: $14.00
• Consensus Rating: Hold

HighPeak Energy Stock Analysis - MarketRank™

HighPeak Energy scored higher than 35% of companies evaluated by MarketBeat, and ranked 207th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

HighPeak Energy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

HighPeak Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 60.00%

Earnings Growth

Earnings for HighPeak Energy are expected to grow by 60.00% in the coming year, from $0.65 to $1.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HighPeak Energy is 11.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of HighPeak Energy is 11.87, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.37.

Price to Book Value per Share Ratio

HighPeak Energy has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

28.79% of the float of HighPeak Energy has been sold short.

Short Interest Ratio / Days to Cover

HighPeak Energy has a short interest ratio ("days to cover") of 16.9, which indicates bearish sentiment.

Change versus previous month

Short interest in HighPeak Energy has recently increased by 5.53%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

HighPeak Energy pays a meaningful dividend of 1.09%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

HighPeak Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of HighPeak Energy is 12.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, HighPeak Energy will have a dividend payout ratio of 15.38% next year. This indicates that HighPeak Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

28.79% of the float of HighPeak Energy has been sold short.

Short Interest Ratio / Days to Cover

HighPeak Energy has a short interest ratio ("days to cover") of 16.9, which indicates bearish sentiment.

Change versus previous month

Short interest in HighPeak Energy has recently increased by 5.53%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

9 people have searched for HPK on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, HighPeak Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,154,206.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

77.50% of the stock of HighPeak Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 24.13% of the stock of HighPeak Energy is held by institutions.

HPK Stock Analysis - Frequently Asked Questions

How have HPK shares performed this year?

HighPeak Energy's stock was trading at $14.24 at the beginning of 2024. Since then, HPK shares have increased by 5.9% and is now trading at $15.08.
View the best growth stocks for 2024 here.

How were HighPeak Energy's earnings last quarter?

HighPeak Energy, Inc. (NASDAQ:HPK) issued its quarterly earnings data on Monday, November, 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. HighPeak Energy's revenue for the quarter was down 21.4% on a year-over-year basis.

Who are HighPeak Energy's major shareholders?

HighPeak Energy's top institutional investors include State Street Corp (0.55%), Geode Capital Management LLC (0.44%), Wasatch Advisors LP (0.40%) and Sanders Morris Harris LLC (0.25%). Insiders that own company stock include John Paul Dejoria, Jack Hightower, Michael L Hollis, Rodney L Woodard, Steven W Tholen, Jason A Edgeworth, Keith E Forbes and Michael H Gustin.
View institutional ownership trends.

How do I buy shares of HighPeak Energy?

Shares of HPK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of HighPeak Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HighPeak Energy investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 9/25 Dividend: 9/03/2024
• Dividend Payable: 9/25/2024
• Last Earnings: 11/04/2024
• Today: 11/21/2024
• Ex-Dividend for 12/23 Dividend: 12/02/2024
• Dividend Payable: 12/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NASDAQ:HPK
• CUSIP: N/A
• CIK: 1792849
• Web: www.highpeakenergy.com
• Phone: (817) 850-9200
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.00
• High Stock Price Target: $14.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: -7.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.27
• Trailing P/E Ratio: 11.87
• Forward P/E Ratio: 23.20
• P/E Growth: N/A
• Net Income: $215.87 million
• Net Margins: 15.94%
• Pretax Margin: 21.20%
• Return on Equity: 14.83%
• Return on Assets: 7.60%

Debt

• Debt-to-Equity Ratio: 0.59
• Current Ratio: 0.96
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $1.14 billion
• Price / Sales: 1.68
• Cash Flow: $5.82 per share
• Price / Cash Flow: 2.59
• Book Value: $12.09 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 126,625,000
• Free Float: 28,491,000
• Market Cap: $1.91 billion
• Optionable: Optionable
• Beta: 0.69