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

HighPeak Energy, Inc. (NASDAQ:HPK) – Investment analysts at Roth Capital increased their Q1 2024 earnings estimates for shares of HighPeak Energy in a research report issued to clients and investors on Monday, March 25th. Roth Capital analyst J. White now expects that the company will post earnings of $0.33 per share for the quarter, up from their previous estimate 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 Trading Up 2.6 %

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

HighPeak Energy Increases Dividend

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

Insider Activity at HighPeak Energy

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

Institutional Trading of HighPeak Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings 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 period. UBS Group AG increased its stake in HighPeak Energy by 69.7% during the first quarter. UBS Group AG now owns 2,936 shares of the company’s stock worth $68,000 after purchasing an additional 1,206 shares during the period. Wells Fargo & Company MN increased its stake in HighPeak Energy by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,945 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares during the period. Citigroup Inc. increased its stake in shares of HighPeak Energy by 943.3% during the second quarter. Citigroup Inc. now owns 3,182 shares of the company’s stock worth $35,000 after buying an additional 2,877 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of HighPeak Energy by 8,721.1% during the third quarter. Royal Bank of Canada now owns 3,352 shares of the company’s stock worth $73,000 after buying an additional 3,314 shares during the period. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

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.