Brokers Issue Forecasts for HighPeak Energy FY2024 Earnings

HighPeak Energy, Inc. (NASDAQ:HPK) – Roth Capital cut their FY2024 earnings per share (EPS) estimates for shares of HighPeak Energy in a report issued on Tuesday, February 25th. Roth Capital analyst J. White now expects that the company will post earnings of $0.71 per share for the year, down from their previous estimate of $0.74. The consensus estimate for HighPeak Energy’s current full-year earnings is $0.78 per share. Roth Capital also issued estimates for HighPeak Energy’s Q2 2025 earnings at $0.22 EPS and FY2025 earnings at $1.12 EPS.

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

HighPeak Energy Trading Up 0.2 %

HPK stock opened at $12.92 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. HighPeak Energy has a 12-month low of $12.48 and a 12-month high of $17.48. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 10.17 and a beta of 0.73. The business’s 50-day moving average is $14.23 and its 200 day moving average is $14.45.

Institutional Trading of HighPeak Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in HighPeak Energy in the fourth quarter valued at approximately $26,000. Blue Trust Inc. raised its position in HighPeak Energy by 101.1% in the third quarter. Blue Trust Inc. now owns 5,678 shares of the company’s stock valued at $80,000 after purchasing an additional 2,854 shares during the period. FMR LLC raised its position in HighPeak Energy by 766.6% in the third quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after purchasing an additional 7,091 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in HighPeak Energy in the fourth quarter valued at approximately $112,000. Finally, AlphaQuest LLC raised its position in HighPeak Energy by 509.9% in the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company’s stock valued at $118,000 after purchasing an additional 6,726 shares during the period. Hedge funds and other institutional investors own 24.13% of the company’s stock.

HighPeak Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Monday, March 3rd. HighPeak Energy’s payout ratio is 12.60%.

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.