HighPeak Energy (HPK) to Release Earnings on Wednesday

HighPeak Energy (NASDAQ:HPK) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $301.15 million during the quarter, compared to analysts’ expectations of $329.85 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. On average, analysts expect HighPeak Energy to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

HighPeak Energy Price Performance

Shares of NASDAQ:HPK opened at $14.22 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.12 and a current ratio of 1.14. The business’s fifty day moving average price is $15.49 and its two-hundred day moving average price is $15.23. The stock has a market cap of $1.83 billion, a PE ratio of 9.00 and a beta of 0.67. HighPeak Energy has a one year low of $10.44 and a one year high of $18.42.

Analyst Ratings Changes

Separately, Truist Financial decreased their target price 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.

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.