HighPeak Energy (HPK) Set to Announce Earnings on Monday

HighPeak Energy (NASDAQ:HPK) is scheduled to release its earnings data after the market closes on Monday, November 4th. Analysts expect HighPeak Energy to post earnings of $0.37 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Monday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.22). The company had revenue of $275.30 million for the quarter, compared to analyst estimates of $282.56 million. HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. On average, analysts expect HighPeak Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HighPeak Energy Trading Up 2.1 %

Shares of HPK stock opened at $14.39 on Monday. HighPeak Energy has a 12-month low of $12.20 and a 12-month high of $18.22. The company has a market capitalization of $1.84 billion, a PE ratio of 11.60 and a beta of 0.68. The firm has a 50 day moving average price of $14.74 and a two-hundred day moving average price of $14.89. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.62.

HighPeak Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.16 annualized dividend and a yield of 1.11%. HighPeak Energy’s payout ratio is currently 12.90%.

Insiders Place Their Bets

In other HighPeak Energy news, CEO Jack Hightower bought 17,743 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $275,016.50. Following the transaction, the chief executive officer now directly owns 4,805,350 shares in the company, valued at approximately $74,482,925. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 203,821 shares of company stock worth $3,154,206 in the last quarter. 77.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price objective on HighPeak Energy from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Monday, September 30th.

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.