Short Interest in HighPeak Energy, Inc. (NASDAQ:HPK) Rises By 29.8%

HighPeak Energy, Inc. (NASDAQ:HPK) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,530,000 shares, a growth of 29.8% from the February 13th total of 4,260,000 shares. Based on an average trading volume of 264,000 shares, the short-interest ratio is currently 20.9 days. Currently, 29.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

HighPeak Energy Stock Performance

HPK stock opened at $12.08 on Wednesday. The company has a market capitalization of $1.52 billion, a P/E ratio of 9.51 and a beta of 0.76. The company has a 50-day simple moving average of $13.53 and a 200 day simple moving average of $14.12. HighPeak Energy has a fifty-two week low of $10.66 and a fifty-two week high of $17.48. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.

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

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Monday, March 3rd. HighPeak Energy’s payout ratio is 23.88%.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors and hedge funds have recently bought and sold shares of HPK. BNP Paribas Financial Markets acquired a new stake in HighPeak Energy in the 4th quarter valued at about $26,000. FMR LLC lifted its holdings in HighPeak Energy by 766.6% in the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after acquiring an additional 7,091 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in HighPeak Energy in the 4th quarter valued at about $112,000. AlphaQuest LLC lifted 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 during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in HighPeak Energy by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 9,180 shares of the company’s stock valued at $135,000 after acquiring an additional 1,857 shares during the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

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.