Q3 EPS Estimates for HighPeak Energy Lowered by Roth Capital

HighPeak Energy, Inc. (NASDAQ:HPK) – Stock analysts at Roth Capital reduced their Q3 2024 earnings per share estimates for shares of HighPeak Energy in a research report issued on Monday, October 28th. Roth Capital analyst J. White now forecasts that the company will earn $0.20 per share for the quarter, down from their prior estimate of $0.49. The consensus estimate for HighPeak Energy’s current full-year earnings is $0.91 per share. Roth Capital also issued estimates for HighPeak Energy’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.06 EPS.

Separately, Truist Financial reduced their target price on HighPeak Energy from $14.00 to $12.00 and set a “hold” rating for the company in a report on Monday, September 30th.

HighPeak Energy Price Performance

HPK opened at $13.12 on Thursday. The stock has a fifty day moving average of $14.62 and a 200-day moving average of $14.85. The firm has a market capitalization of $1.68 billion, a P/E ratio of 10.93 and a beta of 0.68. HighPeak Energy has a 12-month low of $12.20 and a 12-month high of $18.22. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.62.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Monday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.22). The business had revenue of $275.30 million during the quarter, compared to analysts’ expectations of $282.56 million. HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. HighPeak Energy’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 3rd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Tuesday, September 3rd. HighPeak Energy’s dividend payout ratio (DPR) is presently 13.33%.

Insider Transactions at HighPeak Energy

In related news, CEO Jack Hightower purchased 100,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were acquired at an average cost of $15.54 per share, with a total value of $1,554,000.00. Following the completion of the purchase, the chief executive officer now owns 4,959,255 shares of the company’s stock, valued at $77,066,822.70. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have purchased 203,821 shares of company stock valued at $3,154,206. 77.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HighPeak Energy

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP increased its position in HighPeak Energy by 29.7% during the first quarter. GSA Capital Partners LLP now owns 127,460 shares of the company’s stock worth $2,010,000 after buying an additional 29,177 shares during the last quarter. Empowered Funds LLC increased its position in HighPeak Energy by 49.6% during the first quarter. Empowered Funds LLC now owns 153,164 shares of the company’s stock worth $2,415,000 after buying an additional 50,812 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in HighPeak Energy during the first quarter worth $287,000. EverSource Wealth Advisors LLC acquired a new position in HighPeak Energy during the first quarter worth $44,000. Finally, Blue Trust Inc. acquired a new position in HighPeak Energy during the second quarter worth $40,000. 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.