Analysts Offer Predictions for HighPeak Energy Q4 Earnings

HighPeak Energy, Inc. (NASDAQ:HPK) – Stock analysts at Roth Capital cut their Q4 2024 earnings per share (EPS) estimates for HighPeak Energy in a research report issued to clients and investors on Tuesday, February 25th. Roth Capital analyst J. White now expects that the company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.13. 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 Q1 2025 earnings at $0.31 EPS and Q3 2025 earnings at $0.26 EPS.

Separately, Truist Financial lifted their price objective on shares of 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 $12.89 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 10.15 and a beta of 0.73. The firm’s 50 day simple moving average is $14.26 and its 200-day simple moving average is $14.47. HighPeak Energy has a 12 month low of $12.48 and a 12 month high of $17.48.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of HighPeak Energy by 135.1% in the third quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after purchasing an additional 406,536 shares during the period. Corigliano Investment Advisers LLC acquired a new stake in HighPeak Energy in the 4th quarter worth about $4,762,000. Bank of New York Mellon Corp boosted its holdings in HighPeak Energy by 54.3% in the 4th quarter. Bank of New York Mellon Corp now owns 467,294 shares of the company’s stock worth $6,869,000 after buying an additional 164,398 shares during the last quarter. Vanguard Group Inc. increased its stake in HighPeak Energy by 6.7% during the 4th quarter. Vanguard Group Inc. now owns 2,158,851 shares of the company’s stock worth $31,735,000 after buying an additional 135,792 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 during the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend 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.