Barclays PLC Has $346,000 Stock Position in HighPeak Energy, Inc. (NASDAQ:HPK)

Barclays PLC boosted its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 346.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,911 shares of the company’s stock after buying an additional 19,333 shares during the quarter. Barclays PLC’s holdings in HighPeak Energy were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of HighPeak Energy by 42.9% during the second quarter. Rhumbline Advisers now owns 21,672 shares of the company’s stock worth $305,000 after buying an additional 6,501 shares during the last quarter. Victory Capital Management Inc. acquired a new position in HighPeak Energy during the 2nd quarter valued at $192,000. American Century Companies Inc. raised its stake in HighPeak Energy by 26.8% during the 2nd quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock valued at $7,321,000 after purchasing an additional 110,099 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in HighPeak Energy by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company’s stock valued at $728,000 after purchasing an additional 3,497 shares during the period. Finally, Denali Advisors LLC grew its position in HighPeak Energy by 80.2% in the 2nd quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock worth $4,496,000 after purchasing an additional 142,300 shares during the last quarter. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Trading Down 0.1 %

HPK stock opened at $15.41 on Friday. The business has a fifty day moving average of $14.36 and a 200-day moving average of $14.78. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.95 billion, a P/E ratio of 12.13 and a beta of 0.73. HighPeak Energy, Inc. has a twelve month low of $12.47 and a twelve month high of $17.48.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. The firm had revenue of $271.60 million during the quarter, compared to analyst estimates of $270.18 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. As a group, equities research analysts expect that HighPeak Energy, Inc. will post 0.77 EPS for the current year.

HighPeak Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, December 2nd. HighPeak Energy’s payout ratio is presently 12.60%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their target price on HighPeak Energy from $12.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th.

HighPeak Energy Company Profile

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.