HighPeak Energy (NASDAQ:HPK) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

HighPeak Energy (NASDAQ:HPK) posted its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08), Briefing.com reports. The firm had revenue of $234.81 million during the quarter, compared to analyst estimates of $247.32 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The business’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share.

HighPeak Energy Stock Performance

NASDAQ HPK traded down $0.14 during midday trading on Monday, hitting $11.81. The company had a trading volume of 416,767 shares, compared to its average volume of 245,701. The firm has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $14.32. HighPeak Energy has a fifty-two week low of $11.43 and a fifty-two week high of $17.48. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 9.30 and a beta of 0.76.

HighPeak Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 3rd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 3rd. HighPeak Energy’s payout ratio is currently 12.60%.

Wall Street Analyst Weigh In

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 research note on Monday, January 13th.

About HighPeak Energy

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.