Intech Investment Management LLC Buys New Shares in HighPeak Energy, Inc. (NASDAQ:HPK)

Intech Investment Management LLC purchased a new stake in HighPeak Energy, Inc. (NASDAQ:HPK) in the fourth quarter, HoldingsChannel reports. The fund purchased 10,404 shares of the company’s stock, valued at approximately $153,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPK. FMR LLC raised its position in shares of HighPeak Energy by 766.6% during the third quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after buying an additional 7,091 shares during the last quarter. AlphaQuest LLC raised its holdings in HighPeak Energy by 509.9% in the 4th quarter. AlphaQuest LLC now owns 8,045 shares of the company’s stock valued at $118,000 after acquiring an additional 6,726 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of HighPeak Energy in the 4th quarter worth approximately $148,000. Blue Trust Inc. grew its holdings in shares of HighPeak Energy by 109.8% during the 4th quarter. Blue Trust Inc. now owns 11,914 shares of the company’s stock worth $165,000 after purchasing an additional 6,236 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of HighPeak Energy by 81.2% during the fourth quarter. SG Americas Securities LLC now owns 14,035 shares of the company’s stock valued at $206,000 after purchasing an additional 6,291 shares during the period. 24.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their target price on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 13th.

HighPeak Energy Price Performance

Shares of HighPeak Energy stock opened at $12.74 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of 10.03 and a beta of 0.76. The firm’s 50-day simple moving average is $13.26 and its 200-day simple moving average is $14.03. HighPeak Energy, Inc. has a twelve month low of $10.66 and a twelve month high of $17.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96.

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

HighPeak Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.26%. HighPeak Energy’s payout ratio is presently 23.88%.

HighPeak Energy 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.