Texas Capital Bank Wealth Management Services Inc Takes Position in HighPeak Energy, Inc. $HPK

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 776,190 shares of the company’s stock, valued at approximately $5,426,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Strs Ohio bought a new position in HighPeak Energy in the 1st quarter valued at approximately $60,000. Raymond James Financial Inc. bought a new stake in shares of HighPeak Energy during the second quarter worth $49,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of HighPeak Energy during the fourth quarter worth $29,000. Kestra Advisory Services LLC bought a new stake in shares of HighPeak Energy during the first quarter worth $70,000. Finally, Stokes Family Office LLC acquired a new position in shares of HighPeak Energy during the fourth quarter worth $48,000. 24.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPK has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research note on Wednesday, June 3rd. Zacks Research upgraded HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wall Street Zen raised HighPeak Energy from a “sell” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.00.

HighPeak Energy Trading Up 6.1%

HPK opened at $7.88 on Tuesday. HighPeak Energy, Inc. has a fifty-two week low of $3.85 and a fifty-two week high of $9.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.87 and a quick ratio of 0.85. The firm has a market capitalization of $996.43 million, a price-to-earnings ratio of -9.97 and a beta of 0.35. The company’s 50 day moving average price is $7.24 and its two-hundred day moving average price is $6.56.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.57. The company had revenue of $272.42 million for the quarter, compared to analysts’ expectations of $240.03 million. HighPeak Energy had a negative net margin of 10.52% and a negative return on equity of 1.44%. HighPeak Energy’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, research analysts predict that HighPeak Energy, Inc. will post -0.08 earnings per share for the current 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.