HighPeak Energy (NASDAQ:HPK) Shares Gap Up to $15.80

HighPeak Energy, Inc. (NASDAQ:HPKGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.80, but opened at $16.15. HighPeak Energy shares last traded at $15.97, with a volume of 12,943 shares trading hands.

HighPeak Energy Trading Down 2.2 %

The stock has a market capitalization of $2.03 billion, a PE ratio of 10.02 and a beta of 0.63. The firm has a 50-day moving average price of $15.28 and a 200-day moving average price of $15.47. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.66.

HighPeak Energy (NASDAQ:HPKGet Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The company had revenue of $301.15 million during the quarter, compared to the consensus estimate of $329.85 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. As a group, equities analysts forecast that HighPeak Energy, Inc. will post 1.53 EPS for the current fiscal year.

HighPeak Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 1st were paid a dividend of $0.04 per share. This is an increase from HighPeak Energy’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, February 29th. This represents a $0.16 annualized dividend and a dividend yield of 1.01%. HighPeak Energy’s dividend payout ratio is presently 10.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of HighPeak Energy by 555.9% during the 4th quarter. Barclays PLC now owns 1,876 shares of the company’s stock worth $42,000 after acquiring an additional 1,590 shares during the period. UBS Group AG grew its stake 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 worth $68,000 after acquiring an additional 1,206 shares during the period. Wells Fargo & Company MN grew its stake in shares of HighPeak Energy by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,945 shares of the company’s stock worth $67,000 after acquiring an additional 612 shares during the period. Citigroup Inc. boosted its stake in HighPeak Energy by 943.3% in the 2nd quarter. Citigroup Inc. now owns 3,182 shares of the company’s stock worth $35,000 after purchasing an additional 2,877 shares during the period. Finally, Royal Bank of Canada grew its holdings in HighPeak Energy by 8,721.1% during the 3rd quarter. Royal Bank of Canada now owns 3,352 shares of the company’s stock valued at $73,000 after buying an additional 3,314 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

About HighPeak Energy

(Get Free Report)

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.

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