Ieq Capital LLC Makes New $996,000 Investment in HighPeak Energy, Inc. $HPK

Ieq Capital LLC bought a new stake in HighPeak Energy, Inc. (NASDAQ:HPK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 142,508 shares of the company’s stock, valued at approximately $996,000. Ieq Capital LLC owned approximately 0.11% of HighPeak Energy as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HPK. Empowered Funds LLC increased its position in HighPeak Energy by 1.9% during the first quarter. Empowered Funds LLC now owns 186,174 shares of the company’s stock worth $2,357,000 after purchasing an additional 3,431 shares during the last quarter. Jane Street Group LLC grew its stake in shares of HighPeak Energy by 79.6% in the 1st quarter. Jane Street Group LLC now owns 20,368 shares of the company’s stock valued at $258,000 after buying an additional 9,029 shares during the period. Strs Ohio purchased a new stake in shares of HighPeak Energy in the 1st quarter valued at approximately $60,000. Geode Capital Management LLC increased its holdings in shares of HighPeak Energy by 12.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock worth $6,273,000 after buying an additional 70,590 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of HighPeak Energy during the 2nd quarter valued at approximately $225,000. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

HighPeak Energy Trading Up 3.1%

HPK opened at $8.00 on Friday. HighPeak Energy, Inc. has a 52 week low of $3.85 and a 52 week high of $9.13. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $7.30 and a 200-day simple moving average of $6.75. The firm has a market cap of $1.01 billion, a P/E ratio of -10.13 and a beta of 0.35.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HPK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of HighPeak Energy in a research report on Wednesday, June 3rd. Wall Street Zen upgraded HighPeak Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HighPeak Energy presently has a consensus rating of “Hold” and an average target price of $12.00.

HighPeak Energy 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.