HighPeak Energy (NASDAQ:HPK) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

HighPeak Energy (NASDAQ:HPK) released its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07), Briefing.com reports. The business had revenue of $234.81 million during the quarter, compared to analysts’ expectations of $247.32 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The firm’s revenue was down 22.0% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share.

HighPeak Energy Stock Down 7.4 %

HighPeak Energy stock opened at $10.94 on Wednesday. HighPeak Energy has a twelve month low of $10.66 and a twelve month high of $17.48. The stock’s fifty day simple moving average is $13.84 and its 200-day simple moving average is $14.26. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.39 billion, a P/E ratio of 8.61 and a beta of 0.76.

HighPeak Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Monday, March 3rd. HighPeak Energy’s dividend payout ratio is currently 12.60%.

Analysts Set New Price Targets

Separately, Truist Financial increased their target price on HighPeak Energy from $14.00 to $15.00 and gave the company a “hold” rating in a 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.