Roth Mkm Lowers HighPeak Energy (NASDAQ:HPK) Price Target to $34.20

HighPeak Energy (NASDAQ:HPK) had its price target lowered by investment analysts at Roth Mkm from $36.50 to $34.20 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 108.92% from the company’s current price.

Separately, Truist Financial increased their price target on HighPeak Energy from $6.00 to $8.00 in a research report on Thursday, July 20th.

HighPeak Energy Stock Performance

Shares of NASDAQ HPK traded down $0.05 during trading on Tuesday, reaching $16.37. The stock had a trading volume of 110,252 shares, compared to its average volume of 357,951. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.12 and a current ratio of 0.13. The stock has a market cap of $2.10 billion, a PE ratio of 8.14 and a beta of 0.73. HighPeak Energy has a one year low of $10.44 and a one year high of $30.15. The firm’s 50 day moving average price is $14.34 and its two-hundred day moving average price is $16.69.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.17). The business had revenue of $240.76 million during the quarter, compared to the consensus estimate of $245.84 million. HighPeak Energy had a return on equity of 22.02% and a net margin of 27.83%. On average, research analysts forecast that HighPeak Energy will post 2.12 earnings per share for the current fiscal year.

Insider Transactions at HighPeak Energy

In related news, Director Jason A. Edgeworth purchased 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were purchased at an average price of $10.50 per share, with a total value of $59,850.00. Following the purchase, the director now owns 17,337 shares of the company’s stock, valued at approximately $182,038.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Steven W. Tholen bought 9,500 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were bought at an average cost of $10.50 per share, with a total value of $99,750.00. Following the purchase, the chief financial officer now directly owns 33,755 shares in the company, valued at $354,427.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jason A. Edgeworth bought 5,700 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was acquired at an average cost of $10.50 per share, with a total value of $59,850.00. Following the transaction, the director now owns 17,337 shares of the company’s stock, valued at $182,038.50. The disclosure for this purchase can be found here. Insiders have purchased 8,825,550 shares of company stock valued at $92,668,275 over the last three months. Company insiders own 83.80% of the company’s stock.

Institutional Investors Weigh In On HighPeak Energy

Several hedge funds have recently bought and sold shares of HPK. Wells Fargo & Company MN increased its holdings in shares of HighPeak Energy by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,945 shares of the company’s stock valued at $67,000 after purchasing an additional 612 shares during the period. Rhumbline Advisers lifted its position in HighPeak Energy by 9.1% in the 1st quarter. Rhumbline Advisers now owns 9,641 shares of the company’s stock worth $222,000 after buying an additional 807 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of HighPeak Energy by 36.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,541 shares of the company’s stock valued at $39,000 after buying an additional 944 shares during the period. UBS Group AG grew its holdings in shares of HighPeak Energy by 69.7% during the 1st quarter. UBS Group AG now owns 2,936 shares of the company’s stock valued at $68,000 after acquiring an additional 1,206 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of HighPeak Energy by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 21,621 shares of the company’s stock valued at $480,000 after acquiring an additional 1,218 shares in the last quarter. 10.91% of the stock is owned by hedge funds and other institutional investors.

HighPeak Energy Company Profile

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 and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.