HighPeak Energy, Inc. (NASDAQ:HPK – Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Monday, June 3rd will be given a dividend of 0.04 per share on Tuesday, June 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, June 3rd.
HighPeak Energy has a dividend payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect HighPeak Energy to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 12.1%.
HighPeak Energy Stock Performance
Shares of HighPeak Energy stock traded down $0.49 on Friday, hitting $15.22. The stock had a trading volume of 123,103 shares, compared to its average volume of 343,640. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 9.94 and a beta of 0.67. HighPeak Energy has a 52-week low of $10.44 and a 52-week high of $18.42. The company’s 50 day moving average price is $15.34 and its 200 day moving average price is $15.18. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.66.
Analysts Set New Price Targets
Separately, Truist Financial lowered their price objective on HighPeak Energy from $11.00 to $10.00 and set a “sell” rating on the stock in a report on Friday, April 5th.
Check Out Our Latest Research Report on HPK
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.
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