HighPeak Energy (HPK) Set to Announce Quarterly Earnings on Monday

HighPeak Energy (NASDAQ:HPK) is set to post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect HighPeak Energy to post earnings of $0.37 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings results on Monday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.22). HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The firm had revenue of $275.30 million for the quarter, compared to the consensus estimate of $282.56 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts expect HighPeak Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

HighPeak Energy Trading Down 2.1 %

NASDAQ:HPK opened at $12.53 on Friday. HighPeak Energy has a 52 week low of $12.20 and a 52 week high of $18.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.93. The firm’s fifty day moving average is $14.52 and its 200-day moving average is $14.82. The firm has a market cap of $1.60 billion, a P/E ratio of 10.44 and a beta of 0.68.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.16 annualized dividend and a yield of 1.28%. HighPeak Energy’s dividend payout ratio is currently 13.33%.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price target on shares of HighPeak Energy from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Monday, September 30th.

Insider Buying and Selling at HighPeak Energy

In other news, CEO Jack Hightower purchased 17,743 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average cost of $15.50 per share, for a total transaction of $275,016.50. Following the completion of the acquisition, the chief executive officer now owns 4,805,350 shares in the company, valued at $74,482,925. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 203,821 shares of company stock worth $3,154,206. Corporate insiders own 77.50% of the company’s stock.

About HighPeak Energy

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.