Raymond James Financial Inc. Acquires Shares of 10,069 HighPeak Energy, Inc. (NASDAQ:HPK)

Raymond James Financial Inc. bought a new position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,069 shares of the company’s stock, valued at approximately $148,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HPK. Charles Schwab Investment Management Inc. grew its position in shares of HighPeak Energy by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,719 shares of the company’s stock worth $2,701,000 after buying an additional 1,445 shares in the last quarter. Denali Advisors LLC lifted its stake in HighPeak Energy by 9.5% in the fourth quarter. Denali Advisors LLC now owns 457,829 shares of the company’s stock worth $6,730,000 after acquiring an additional 39,783 shares during the period. Bank of New York Mellon Corp grew its holdings in HighPeak Energy by 54.3% during the 4th quarter. Bank of New York Mellon Corp now owns 467,294 shares of the company’s stock worth $6,869,000 after acquiring an additional 164,398 shares in the last quarter. New York State Common Retirement Fund grew its holdings in HighPeak Energy by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 147,302 shares of the company’s stock worth $2,165,000 after acquiring an additional 15,300 shares in the last quarter. Finally, Rhumbline Advisers increased its position in HighPeak Energy by 151.8% during the 4th quarter. Rhumbline Advisers now owns 52,352 shares of the company’s stock valued at $770,000 after purchasing an additional 31,558 shares during the period. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Stock Up 2.7 %

NASDAQ:HPK opened at $8.70 on Friday. The company’s 50-day simple moving average is $12.25 and its 200-day simple moving average is $13.63. 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, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $17.48. The stock has a market capitalization of $1.10 billion, a P/E ratio of 6.85 and a beta of 0.82.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Monday, March 10th. The company reported $0.06 EPS 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 firm had revenue of $234.81 million for the quarter, compared to analysts’ expectations of $247.32 million. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue was down 22.0% on a year-over-year basis. On average, equities analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were given a $0.04 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.84%. HighPeak Energy’s payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America started coverage on shares of HighPeak Energy in a report on Monday, April 7th. They set an “underperform” rating and a $10.00 price objective on the stock. Truist Financial dropped their target price on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, March 13th.

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.