Barclays PLC Acquires 19,333 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Barclays PLC lifted its holdings in HighPeak Energy, Inc. (NASDAQ:HPK) by 346.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,911 shares of the company’s stock after purchasing an additional 19,333 shares during the period. Barclays PLC’s holdings in HighPeak Energy were worth $346,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in HighPeak Energy by 135.1% during the 3rd quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after buying an additional 406,536 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of HighPeak Energy by 17.3% during the third quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock valued at $7,827,000 after acquiring an additional 82,988 shares in the last quarter. American Century Companies Inc. raised its position in shares of HighPeak Energy by 26.8% in 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. Sanders Morris Harris LLC acquired a new stake in HighPeak Energy in the 3rd quarter worth approximately $4,506,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in HighPeak Energy by 24.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock worth $2,530,000 after purchasing an additional 35,483 shares in the last quarter. 24.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their price objective on HighPeak Energy from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, January 13th.

HighPeak Energy Price Performance

Shares of NASDAQ HPK opened at $14.76 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market cap of $1.87 billion, a PE ratio of 11.62 and a beta of 0.74. HighPeak Energy, Inc. has a one year low of $12.47 and a one year high of $17.48. The firm has a fifty day moving average of $14.57 and a 200 day moving average of $14.80.

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

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.08%. HighPeak Energy’s payout ratio is 12.60%.

HighPeak Energy 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.