HighPeak Energy (NASDAQ:HPK) Sets New 52-Week High – Time to Buy?

HighPeak Energy, Inc. (NASDAQ:HPK)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.13 and last traded at $8.4990, with a volume of 126804 shares trading hands. The stock had previously closed at $7.92.

Wall Street Analysts Forecast Growth

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

HighPeak Energy Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.06 billion, a PE ratio of -7.02 and a beta of 0.35. The business has a 50-day moving average price of $7.27 and a 200 day moving average price of $6.44.

Institutional Investors Weigh In On HighPeak Energy

Several institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of HighPeak Energy in the first quarter worth about $60,000. Raymond James Financial Inc. purchased a new stake in shares of HighPeak Energy during the 2nd quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of HighPeak Energy during the 4th quarter valued at approximately $29,000. Kestra Advisory Services LLC purchased a new stake in shares of HighPeak Energy during the 1st quarter valued at approximately $70,000. Finally, Stokes Family Office LLC bought a new position in HighPeak Energy in the 4th quarter worth approximately $48,000. 24.13% of the stock is owned by hedge funds and other institutional investors.

About HighPeak Energy

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.