HighPeak Energy, Inc. Declares Quarterly Dividend of $0.04 (NASDAQ:HPK)

HighPeak Energy, Inc. (NASDAQ:HPK) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.04 per share on Tuesday, March 25th. This represents a $0.16 annualized dividend and a dividend yield of 1.13%.

HighPeak Energy has raised its dividend by an average of 28.7% annually over the last three years. HighPeak Energy has a dividend payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HighPeak Energy to earn $0.96 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 16.7%.

HighPeak Energy Trading Down 1.9 %

Shares of HPK stock opened at $14.21 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.80 billion, a P/E ratio of 11.19 and a beta of 0.73. HighPeak Energy has a 12-month low of $12.48 and a 12-month high of $17.48. The firm has a 50-day moving average price of $14.37 and a 200 day moving average price of $14.52.

Analysts Set New Price Targets

Separately, Truist Financial boosted their target price on HighPeak Energy from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, January 13th.

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.