Wasatch Advisors LP Sells 132,539 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Wasatch Advisors LP reduced its holdings in shares of HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 20.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 509,100 shares of the company's stock after selling 132,539 shares during the quarter. Wasatch Advisors LP owned approximately 0.40% of HighPeak Energy worth $7,066,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in HighPeak Energy during the 2nd quarter worth approximately $40,000. EverSource Wealth Advisors LLC bought a new position in HighPeak Energy during the 1st quarter worth $44,000. Innealta Capital LLC acquired a new stake in shares of HighPeak Energy during the second quarter worth $86,000. SG Americas Securities LLC bought a new stake in HighPeak Energy in the 3rd quarter valued at about $107,000. Finally, FMR LLC boosted its stake in shares of HighPeak Energy by 766.6% in the third quarter. FMR LLC now owns 8,016 shares of the company's stock valued at $111,000 after buying an additional 7,091 shares during the period. Institutional investors own 24.13% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their price objective on shares of HighPeak Energy from $12.00 to $14.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th.

Insider Buying and Selling at HighPeak Energy

In other HighPeak Energy news, CEO Jack Hightower bought 36,078 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $15.25 per share, for a total transaction of $550,189.50. Following the acquisition, the chief executive officer now directly owns 4,859,255 shares of the company's stock, valued at approximately $74,103,638.75. The trade was a 0.75 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 77.50% of the company's stock.

HighPeak Energy Trading Up 1.4 %

NASDAQ HPK traded up $0.21 during mid-day trading on Friday, reaching $15.07. 77,396 shares of the stock were exchanged, compared to its average volume of 274,202. The stock has a market cap of $1.91 billion, a P/E ratio of 11.87 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a 50 day simple moving average of $14.38 and a 200-day simple moving average of $14.79. HighPeak Energy, Inc. has a one year low of $12.20 and a one year high of $17.48.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.12. The business had revenue of $271.60 million during the quarter, compared to the consensus estimate of $270.18 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The firm's revenue for the quarter was down 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, analysts anticipate that HighPeak Energy, Inc. will post 0.77 EPS for the current year.

HighPeak Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 1.06%. HighPeak Energy's payout ratio is currently 12.60%.

HighPeak Energy 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.