HighPeak Energy, Inc. (NASDAQ:HPK) Expected to Post Q2 2023 Earnings of $0.43 Per Share

HighPeak Energy, Inc. (NASDAQ:HPK – Get Rating) – Stock analysts at Seaport Res Ptn lowered their Q2 2023 earnings per share (EPS) estimates for HighPeak Energy in a research note issued to investors on Thursday, May 18th. Seaport Res Ptn analyst N. Pope now anticipates that the company will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.45. The consensus estimate for HighPeak Energy’s current full-year earnings is $2.58 per share.

Separately, Truist Financial reduced their target price on HighPeak Energy from $10.00 to $8.00 in a report on Friday, May 12th.

HighPeak Energy Trading Up 2.1 %

NASDAQ HPK opened at $14.26 on Monday. HighPeak Energy has a 1-year low of $13.26 and a 1-year high of $37.36. The company has a current ratio of 0.26, a quick ratio of 0.23 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $20.31 and a 200-day moving average of $23.10. The firm has a market cap of $1.61 billion, a PE ratio of 5.92 and a beta of 0.72.

HighPeak Energy (NASDAQ:HPK – Get Rating) last posted its earnings results on Tuesday, March 7th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.30). HighPeak Energy had a return on equity of 28.51% and a net margin of 34.22%. The business had revenue of $257.92 million for the quarter, compared to analysts’ expectations of $253.49 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share.

HighPeak Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Monday, May 1st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, April 28th. HighPeak Energy’s payout ratio is currently 4.15%.

Institutional Trading of HighPeak Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund grew its holdings in HighPeak Energy by 312.4% in the fourth quarter. New York State Common Retirement Fund now owns 17,557 shares of the company’s stock worth $402,000 after purchasing an additional 13,300 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in HighPeak Energy by 46.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,313,744 shares of the company’s stock valued at $167,265,000 after purchasing an additional 2,313,744 shares during the period. Denali Advisors LLC acquired a new position in HighPeak Energy during the fourth quarter valued at $775,000. Edge Capital Group LLC acquired a new position in shares of HighPeak Energy in the fourth quarter worth about $735,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of HighPeak Energy by 65.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 103,565 shares of the company’s stock worth $2,369,000 after acquiring an additional 41,013 shares during the period. Institutional investors own 19.60% of the company’s stock.

About HighPeak Energy

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Pure Acquisition Corp. engages in the provision of merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. It focuses on energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is headquartered in Fort Worth, TX.