Barclays PLC Boosts Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

Barclays PLC raised its stake in HighPeak Energy, Inc. (NASDAQ:HPK) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,242 shares of the company’s stock after acquiring an additional 2,331 shares during the quarter. Barclays PLC’s holdings in HighPeak Energy were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of HighPeak Energy in the 4th quarter worth approximately $148,000. Capula Management Ltd purchased a new stake in HighPeak Energy in the fourth quarter worth $335,000. Renaissance Technologies LLC raised its stake in shares of HighPeak Energy by 54.7% in the fourth quarter. Renaissance Technologies LLC now owns 36,200 shares of the company’s stock valued at $532,000 after buying an additional 12,800 shares during the period. Wells Fargo & Company MN lifted its position in shares of HighPeak Energy by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 9,180 shares of the company’s stock valued at $135,000 after buying an additional 1,857 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in HighPeak Energy in the 4th quarter worth about $463,000. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

HighPeak Energy Stock Performance

Shares of HPK opened at $9.19 on Friday. HighPeak Energy, Inc. has a 52-week low of $7.82 and a 52-week high of $17.48. The stock’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $12.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.24 and a beta of 0.99.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings results on Monday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The firm had revenue of $234.81 million during the quarter, compared to analysts’ expectations of $247.32 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The company’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. Research analysts forecast that HighPeak Energy, Inc. will post 0.78 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.74%. HighPeak Energy’s payout ratio is currently 23.88%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America initiated coverage on shares of HighPeak Energy in a research report on Monday, April 7th. They set an “underperform” rating and a $10.00 target price for the company. Truist Financial cut their price objective on shares of HighPeak Energy from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 13th.

HighPeak Energy Company Profile

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.