Roth Capital Lowers Earnings Estimates for HighPeak Energy

HighPeak Energy, Inc. (NASDAQ:HPK) – Equities research analysts at Roth Capital decreased their Q4 2024 earnings per share estimates for shares of HighPeak Energy in a note issued to investors on Tuesday, February 25th. Roth Capital analyst J. White now expects that the company will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.13. The consensus estimate for HighPeak Energy’s current full-year earnings is $0.78 per share. Roth Capital also issued estimates for HighPeak Energy’s Q1 2025 earnings at $0.31 EPS and Q3 2025 earnings at $0.26 EPS.

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

HighPeak Energy Price Performance

Shares of HPK opened at $12.70 on Thursday. The company has a 50 day moving average of $14.28 and a two-hundred day moving average of $14.48. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. HighPeak Energy has a twelve month low of $12.48 and a twelve month high of $17.48. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 10.00 and a beta of 0.73.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.26%. HighPeak Energy’s dividend payout ratio is currently 12.60%.

Institutional Trading of HighPeak Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of HighPeak Energy by 17.3% in the third quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock valued at $7,827,000 after purchasing an additional 82,988 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of HighPeak Energy by 24.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock worth $2,530,000 after purchasing an additional 35,483 shares during the period. State Street Corp boosted its position in shares of HighPeak Energy by 135.1% during the 3rd quarter. State Street Corp now owns 707,425 shares of the company’s stock worth $9,819,000 after purchasing an additional 406,536 shares during the period. Barclays PLC increased its holdings in HighPeak Energy by 346.6% in the 3rd quarter. Barclays PLC now owns 24,911 shares of the company’s stock valued at $346,000 after purchasing an additional 19,333 shares during the last quarter. Finally, Blue Trust Inc. raised its position in HighPeak Energy by 109.8% in the fourth quarter. Blue Trust Inc. now owns 11,914 shares of the company’s stock valued at $165,000 after purchasing an additional 6,236 shares during the period. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

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.