HighPeak Energy (NASDAQ:HPK) Shares Gap Down – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPK) gapped down prior to trading on Wednesday . The stock had previously closed at $6.90, but opened at $6.62. HighPeak Energy shares last traded at $6.2750, with a volume of 133,774 shares.

Analysts Set New Price Targets

A number of analysts recently commented on HPK shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.00.

HighPeak Energy Stock Down 7.9%

The stock’s 50-day moving average price is $5.44 and its two-hundred day moving average price is $5.74. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $803.02 million, a P/E ratio of 70.62 and a beta of 0.64.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a return on equity of 2.11% and a net margin of 2.33%. As a group, research analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HighPeak Energy

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in HighPeak Energy by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,666,153 shares of the company’s stock valued at $18,850,000 after purchasing an additional 94,834 shares during the last quarter. American Century Companies Inc. grew its stake in HighPeak Energy by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 884,695 shares of the company’s stock valued at $8,670,000 after buying an additional 72,551 shares in the last quarter. Geode Capital Management LLC grew its stake in HighPeak Energy by 12.4% in the 2nd quarter. Geode Capital Management LLC now owns 640,028 shares of the company’s stock valued at $6,273,000 after buying an additional 70,590 shares in the last quarter. Denali Advisors LLC raised its holdings in HighPeak Energy by 6.0% during the 4th quarter. Denali Advisors LLC now owns 617,628 shares of the company’s stock valued at $2,928,000 after acquiring an additional 35,096 shares during the period. Finally, State Street Corp raised its holdings in HighPeak Energy by 12.9% during the 4th quarter. State Street Corp now owns 558,108 shares of the company’s stock valued at $2,645,000 after acquiring an additional 63,919 shares during the period. Hedge funds and other institutional investors own 24.13% of the company’s stock.

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.