By otakuyassine3@gmail.com 
HighPeak Energy, Inc. (NASDAQ:HPK – Get Free Report) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,260,000 shares, an increase of 16.4% from the November 15th total of 5,380,000 shares. Approximately 33.7% of the company’s shares are sold short. Based on an average daily volume of 337,100 shares, the short-interest ratio is presently 18.6 days.
Analysts Set New Price Targets
Separately, Truist Financial raised their price objective on shares of HighPeak Energy from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th.
Read Our Latest Stock Report on HPK
Insiders Place Their Bets
In other HighPeak Energy news, CEO Jack Hightower bought 100,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average cost of $15.54 per share, with a total value of $1,554,000.00. Following the purchase, the chief executive officer now owns 4,959,255 shares in the company, valued at $77,066,822.70. This trade represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 77.50% of the company’s stock.
Hedge Funds Weigh In On HighPeak Energy
Several hedge funds have recently modified their holdings of HPK. Blue Trust Inc. acquired a new stake in shares of HighPeak Energy in the 2nd quarter valued at approximately $40,000. Innealta Capital LLC acquired a new stake in HighPeak Energy in the second quarter valued at $86,000. SG Americas Securities LLC bought a new position in shares of HighPeak Energy in the 3rd quarter valued at about $107,000. Solstein Capital LLC increased its stake in shares of HighPeak Energy by 33.3% during the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock worth $112,000 after purchasing an additional 2,000 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of HighPeak Energy by 766.6% in the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after purchasing an additional 7,091 shares during the period. Institutional investors own 24.13% of the company’s stock.
HighPeak Energy Stock Up 0.2 %
Shares of HighPeak Energy stock traded up $0.03 during trading on Monday, reaching $14.35. The stock had a trading volume of 186,933 shares, compared to its average volume of 320,899. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 11.28 and a beta of 0.73. The stock has a fifty day moving average price of $14.32 and a two-hundred day moving average price of $14.76. HighPeak Energy has a 52 week low of $12.47 and a 52 week high of $17.48.
HighPeak Energy (NASDAQ:HPK – Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.23 by $0.12. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The firm had revenue of $271.60 million for the quarter, compared to analysts’ expectations of $270.18 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. Sell-side analysts predict that HighPeak Energy will post 0.77 EPS for the current fiscal year.
HighPeak Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 1.11%. HighPeak Energy’s dividend payout ratio (DPR) is presently 12.60%.
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.
Read More
Receive News & Ratings for HighPeak Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HighPeak Energy and related companies with MarketBeat.com’s FREE daily email newsletter.