HighPeak Energy, Inc. Forecasted to Earn Q1 2024 Earnings of $0.33 Per Share (NASDAQ:HPK)

HighPeak Energy, Inc. (NASDAQ:HPK) – Analysts at Roth Capital upped their Q1 2024 earnings per share estimates for shares of HighPeak Energy in a research report issued on Monday, March 25th. Roth Capital analyst J. White now forecasts that the company will earn $0.33 per share for the quarter, up from their prior forecast of $0.27. The consensus estimate for HighPeak Energy’s current full-year earnings is $1.45 per share. Roth Capital also issued estimates for HighPeak Energy’s Q2 2024 earnings at $0.36 EPS, Q3 2024 earnings at $0.48 EPS, Q4 2024 earnings at $0.58 EPS and FY2024 earnings at $1.75 EPS.

HighPeak Energy Stock Up 2.6 %

NASDAQ HPK opened at $15.96 on Thursday. The firm has a market cap of $2.05 billion, a PE ratio of 10.10 and a beta of 0.64. HighPeak Energy has a one year low of $10.44 and a one year high of $25.05. The stock’s 50 day simple moving average is $15.02 and its 200 day simple moving average is $15.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its position in HighPeak Energy by 555.9% in the 4th quarter. Barclays PLC now owns 1,876 shares of the company’s stock valued at $42,000 after buying an additional 1,590 shares during the last quarter. UBS Group AG boosted its position in HighPeak Energy by 69.7% in the 1st quarter. UBS Group AG now owns 2,936 shares of the company’s stock valued at $68,000 after buying an additional 1,206 shares during the last quarter. Wells Fargo & Company MN boosted its position in HighPeak Energy by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,945 shares of the company’s stock valued at $67,000 after buying an additional 612 shares during the last quarter. Citigroup Inc. boosted its position in HighPeak Energy by 943.3% in the 2nd quarter. Citigroup Inc. now owns 3,182 shares of the company’s stock valued at $35,000 after buying an additional 2,877 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of HighPeak Energy by 8,721.1% in the 3rd quarter. Royal Bank of Canada now owns 3,352 shares of the company’s stock worth $73,000 after purchasing an additional 3,314 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other HighPeak Energy news, CEO Jack Hightower purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were acquired at an average cost of $14.69 per share, for a total transaction of $734,500.00. Following the transaction, the chief executive officer now directly owns 4,672,863 shares in the company, valued at $68,644,357.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 83.80% of the stock is owned by corporate insiders.

HighPeak Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 1st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, February 29th. This is a positive change from HighPeak Energy’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 1.00%. HighPeak Energy’s dividend payout ratio is 10.13%.

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.