Q3 2022 EPS Estimates for HighPeak Energy, Inc. (NASDAQ:HPK) Cut by Seaport Res Ptn

HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) – Analysts at Seaport Res Ptn lowered their Q3 2022 earnings estimates for shares of HighPeak Energy in a research report issued to clients and investors on Wednesday, September 21st. Seaport Res Ptn analyst N. Pope now anticipates that the company will earn $0.94 per share for the quarter, down from their previous forecast of $0.95. The consensus estimate for HighPeak Energy’s current full-year earnings is $3.96 per share.

HighPeak Energy Trading Down 4.4 %

Shares of HighPeak Energy stock opened at $21.98 on Thursday. The firm has a market capitalization of $2.40 billion, a PE ratio of 24.42 and a beta of 0.62. HighPeak Energy has a twelve month low of $8.84 and a twelve month high of $38.21. The firm’s 50-day moving average price is $23.94 and its 200 day moving average price is $25.96. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

HighPeak Energy (NASDAQ:HPKGet Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $201.43 million for the quarter, compared to analyst estimates of $168.04 million. HighPeak Energy had a net margin of 24.13% and a return on equity of 27.24%.

Institutional Trading of HighPeak Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of HighPeak Energy during the 2nd quarter worth approximately $409,000. State Street Corp increased its holdings in shares of HighPeak Energy by 65.8% during the 2nd quarter. State Street Corp now owns 100,841 shares of the company’s stock worth $2,584,000 after buying an additional 40,025 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in HighPeak Energy by 139.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 48,202 shares of the company’s stock valued at $1,235,000 after purchasing an additional 28,100 shares during the last quarter. Renaissance Technologies LLC increased its holdings in HighPeak Energy by 1,004.2% in the 2nd quarter. Renaissance Technologies LLC now owns 132,500 shares of the company’s stock valued at $3,395,000 after purchasing an additional 120,500 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in HighPeak Energy by 15.0% in the 2nd quarter. Northern Trust Corp now owns 67,481 shares of the company’s stock valued at $1,729,000 after purchasing an additional 8,826 shares during the last quarter. Institutional investors and hedge funds own 13.69% of the company’s stock.

Insider Activity at HighPeak Energy

In other HighPeak Energy news, CFO Steven W. Tholen bought 10,000 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were acquired at an average cost of $24.65 per share, with a total value of $246,500.00. Following the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $246,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other HighPeak Energy news, CFO Steven W. Tholen bought 10,000 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were acquired at an average cost of $24.65 per share, with a total value of $246,500.00. Following the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $246,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder John Paul Dejoria bought 2,313,744 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was acquired at an average cost of $21.61 per share, for a total transaction of $50,000,007.84. Following the completion of the purchase, the insider now directly owns 7,813,744 shares in the company, valued at $168,855,007.84. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,323,753 shares of company stock valued at $50,246,754. 88.60% of the stock is owned by corporate insiders.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Monday, August 1st were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, July 29th. HighPeak Energy’s dividend payout ratio is presently 11.11%.

About HighPeak Energy

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HighPeak Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2021, the company had approximately 64,213 MBoe of proved reserves.

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