New York State Common Retirement Fund Acquires New Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

New York State Common Retirement Fund acquired a new stake in HighPeak Energy, Inc. (NASDAQ:HPK) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,600 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hodges Capital Management Inc. bought a new position in HighPeak Energy in the 2nd quarter valued at approximately $282,000. Virtu Financial LLC bought a new position in HighPeak Energy in the 1st quarter valued at approximately $89,000. Diametric Capital LP bought a new position in HighPeak Energy in the 1st quarter valued at approximately $125,000. Millennium Management LLC bought a new position in HighPeak Energy in the 1st quarter valued at approximately $1,526,000. Finally, Jane Street Group LLC bought a new position in HighPeak Energy in the 1st quarter valued at approximately $432,000. Institutional investors and hedge funds own 1.85% of the company’s stock.

Several research firms have issued reports on HPK. Seaport Res Ptn restated a “buy” rating on shares of HighPeak Energy in a report on Thursday, July 22nd. Seaport Global Securities began coverage on shares of HighPeak Energy in a report on Thursday, July 22nd. They set a “buy” rating and a $15.00 price target for the company.

HighPeak Energy stock opened at $8.96 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.70. HighPeak Energy, Inc. has a 52-week low of $4.20 and a 52-week high of $21.82. The firm has a 50 day moving average price of $10.00 and a two-hundred day moving average price of $9.23.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings results on Monday, August 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $48.27 million for the quarter, compared to the consensus estimate of $45.60 million. HighPeak Energy had a negative return on equity of 1.24% and a negative net margin of 6.45%. Equities analysts expect that HighPeak Energy, Inc. will post 0.55 earnings per share for the current fiscal year.

The business also recently disclosed a None dividend, which was paid on Monday, July 26th. Stockholders of record on Thursday, July 15th were given a dividend of $0.025 per share. This represents a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, July 14th.

About HighPeak Energy

Pure Acquisition Corp. engages in the provision of merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. It focuses on energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is headquartered in Fort Worth, TX.

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Institutional Ownership by Quarter for HighPeak Energy (NASDAQ:HPK)

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