HighPeak Energy (NASDAQ:HPK) Issues Earnings Results

HighPeak Energy (NASDAQ:HPK) released its quarterly earnings results on Monday. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.22), Briefing.com reports. HighPeak Energy had a return on equity of 16.58% and a net margin of 14.64%. The firm had revenue of $275.30 million for the quarter, compared to the consensus estimate of $282.56 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year.

HighPeak Energy Stock Down 1.2 %

Shares of HighPeak Energy stock traded down $0.17 during trading on Tuesday, reaching $13.90. 251,437 shares of the company traded hands, compared to its average volume of 327,130. The firm has a market capitalization of $1.78 billion, a PE ratio of 11.36 and a beta of 0.69. HighPeak Energy has a 1-year low of $12.20 and a 1-year high of $18.42. The company has a 50 day moving average price of $15.09 and a 200-day moving average price of $15.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.04 and a quick ratio of 1.00.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, June 3rd. HighPeak Energy’s payout ratio is 12.90%.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted their target price on shares of HighPeak Energy from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd.

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.