HighPeak Energy, Inc. (NASDAQ:HPK) Short Interest Update

HighPeak Energy, Inc. (NASDAQ:HPK) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 3,940,000 shares, an increase of 11.3% from the March 15th total of 3,540,000 shares. Currently, 19.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 359,600 shares, the days-to-cover ratio is currently 11.0 days.

Institutional Investors Weigh In On HighPeak Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC grew its position in shares of HighPeak Energy by 89.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 13,885,172 shares of the company’s stock worth $234,382,000 after buying an additional 6,571,428 shares during the last quarter. Vanguard Group Inc. boosted its holdings in HighPeak Energy by 850.3% in the third quarter. Vanguard Group Inc. now owns 2,297,335 shares of the company’s stock valued at $38,779,000 after acquiring an additional 2,055,576 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in HighPeak Energy during the 3rd quarter valued at $10,396,000. Intrinsic Edge Capital Management LLC bought a new position in HighPeak Energy in the 4th quarter worth $3,636,000. Finally, BlackRock Inc. lifted its position in shares of HighPeak Energy by 39.3% in the 2nd quarter. BlackRock Inc. now owns 733,691 shares of the company’s stock worth $7,983,000 after purchasing an additional 206,805 shares during the period. 24.13% of the stock is currently owned by institutional investors.

HighPeak Energy Price Performance

Shares of NASDAQ:HPK opened at $15.17 on Wednesday. The company’s fifty day moving average is $15.62 and its 200 day moving average is $15.37. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. HighPeak Energy has a 52 week low of $10.44 and a 52 week high of $24.31. The stock has a market cap of $1.95 billion, a PE ratio of 9.60 and a beta of 0.63.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. The firm had revenue of $301.15 million for the quarter, compared to the consensus estimate of $329.85 million. Research analysts anticipate that HighPeak Energy will post 1.6 earnings per share for the current year.

HighPeak Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.05%. This is an increase from HighPeak Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, February 29th. HighPeak Energy’s payout ratio is presently 10.13%.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price target on shares of HighPeak Energy from $11.00 to $10.00 and set a “sell” rating on the stock in a research report on Friday, April 5th.

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.