HighPeak Energy, Inc. (NASDAQ:HPK) Shares Acquired by Register Financial Advisors LLC

Register Financial Advisors LLC boosted its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 16.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,000 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Register Financial Advisors LLC’s holdings in HighPeak Energy were worth $678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPK. Vanguard Group Inc. grew its position in HighPeak Energy by 850.3% in the third quarter. Vanguard Group Inc. now owns 2,297,335 shares of the company’s stock worth $38,779,000 after buying an additional 2,055,576 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of HighPeak Energy during the third quarter worth $10,396,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of HighPeak Energy during the fourth quarter valued at $3,636,000. GSA Capital Partners LLP acquired a new position in shares of HighPeak Energy in the 3rd quarter valued at $2,318,000. Finally, Swiss National Bank purchased a new position in HighPeak Energy in the 4th quarter worth about $721,000. 24.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upgraded HighPeak Energy from a “sell” rating to a “hold” rating and increased their target price for the company from $10.00 to $13.00 in a report on Thursday, May 23rd.

HighPeak Energy Stock Performance

HPK traded down $0.13 during trading on Friday, hitting $14.06. The stock had a trading volume of 948,018 shares, compared to its average volume of 339,625. The firm has a market cap of $1.80 billion, a PE ratio of 11.44 and a beta of 0.69. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. HighPeak Energy, Inc. has a 12 month low of $10.58 and a 12 month high of $18.42. The company has a 50 day simple moving average of $14.55 and a 200-day simple moving average of $14.74.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). HighPeak Energy had a return on equity of 16.58% and a net margin of 14.64%. The business had revenue of $287.80 million during the quarter, compared to the consensus estimate of $284.38 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 28.6% on a year-over-year basis. Analysts expect that HighPeak Energy, Inc. will post 1.33 EPS for the current year.

HighPeak Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 3rd were given a $0.04 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.16 annualized dividend and a yield of 1.14%. HighPeak Energy’s dividend payout ratio (DPR) is currently 12.90%.

HighPeak Energy 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.