HighPeak Energy (NASDAQ:HPK) Receives New Coverage from Analysts at Seaport Global Securities

Equities researchers at Seaport Global Securities began coverage on shares of HighPeak Energy (NASDAQ:HPK) in a report issued on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

Shares of HighPeak Energy stock opened at $11.11 on Thursday. The business has a 50-day simple moving average of $10.09. HighPeak Energy has a 1 year low of $4.20 and a 1 year high of $21.82.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Monday, May 17th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $25.72 million during the quarter.

A number of institutional investors have recently made changes to their positions in HPK. Wolverine Asset Management LLC purchased a new stake in shares of HighPeak Energy during the 1st quarter worth about $39,000. Virtu Financial LLC purchased a new stake in shares of HighPeak Energy during the 1st quarter worth about $89,000. Citigroup Inc. bought a new position in shares of HighPeak Energy in the 4th quarter valued at approximately $241,000. Diametric Capital LP bought a new position in shares of HighPeak Energy in the 1st quarter valued at approximately $125,000. Finally, CSS LLC IL raised its stake in shares of HighPeak Energy by 65.5% in the 1st quarter. CSS LLC IL now owns 54,109 shares of the company’s stock valued at $328,000 after acquiring an additional 21,409 shares in the last quarter. 2.25% of the stock is owned by hedge funds and other institutional investors.

About HighPeak Energy

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2020, the company had approximately 22,515 MBoe of proved reserves.

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