HighPeak Energy, Inc. (NASDAQ:HPK) Plans $0.04 Quarterly Dividend

HighPeak Energy, Inc. (NASDAQ:HPK) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.04 per share on Tuesday, March 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.13%.

HighPeak Energy has increased its dividend payment by an average of 28.7% per year over the last three years. HighPeak Energy has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect HighPeak Energy to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 16.7%.

HighPeak Energy Trading Down 1.9 %

NASDAQ HPK opened at $14.21 on Wednesday. HighPeak Energy has a 52 week low of $12.48 and a 52 week high of $17.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The stock’s 50 day moving average price is $14.37 and its two-hundred day moving average price is $14.52. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 11.19 and a beta of 0.73.

Wall Street Analyst Weigh In

Separately, Truist Financial raised their target price on shares of HighPeak Energy from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, January 13th.

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.