476,190 Shares in HighPeak Energy, Inc. $HPK Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 476,190 shares of the company’s stock, valued at approximately $2,257,000. Texas Capital Bank Wealth Management Services Inc owned about 0.38% of HighPeak Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC lifted its position in shares of HighPeak Energy by 1.9% during the 1st quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock worth $2,357,000 after buying an additional 3,431 shares during the last quarter. Alliancebernstein L.P. grew its stake in HighPeak Energy by 8.1% during the third quarter. Alliancebernstein L.P. now owns 46,540 shares of the company’s stock worth $329,000 after purchasing an additional 3,500 shares during the period. Strs Ohio acquired a new stake in HighPeak Energy during the first quarter worth approximately $60,000. Intech Investment Management LLC grew its stake in HighPeak Energy by 46.4% during the third quarter. Intech Investment Management LLC now owns 15,251 shares of the company’s stock worth $108,000 after purchasing an additional 4,831 shares during the period. Finally, Rhumbline Advisers grew its stake in HighPeak Energy by 23.6% during the second quarter. Rhumbline Advisers now owns 25,483 shares of the company’s stock worth $250,000 after purchasing an additional 4,864 shares during the period. 24.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on HPK shares. Wall Street Zen raised HighPeak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.00.

HighPeak Energy Trading Down 2.8%

NASDAQ HPK opened at $6.86 on Thursday. The firm has a market capitalization of $866.83 million, a P/E ratio of -5.76 and a beta of 0.34. The business has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $5.67. HighPeak Energy, Inc. has a 12 month low of $3.85 and a 12 month high of $12.00. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $215.89 million during the quarter, compared to analyst estimates of $210.14 million. HighPeak Energy had a negative return on equity of 0.73% and a negative net margin of 18.78%.HighPeak Energy’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. On average, analysts predict that HighPeak Energy, Inc. will post -0.14 EPS for the current fiscal year.

HighPeak Energy Company Profile

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware?incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.