HighPeak Energy, Inc. (HPK) to Issue Quarterly Dividend of $0.03 on February 25th

HighPeak Energy, Inc. (NASDAQ:HPK) announced a quarterly dividend on Tuesday, January 11th, Zacks reports. Shareholders of record on Tuesday, February 1st will be given a dividend of 0.025 per share on Friday, February 25th. This represents a $0.10 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, January 31st.

Shares of NASDAQ:HPK opened at $17.53 on Thursday. The company has a market capitalization of $1.67 billion, a P/E ratio of 125.21 and a beta of 0.99. The company’s 50-day moving average price is $14.82. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 0.19. HighPeak Energy has a 12 month low of $6.00 and a 12 month high of $21.82.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings results on Monday, November 8th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). HighPeak Energy had a net margin of 10.24% and a return on equity of 4.56%. The company had revenue of $47.47 million for the quarter, compared to analysts’ expectations of $48.90 million. As a group, equities research analysts expect that HighPeak Energy will post 0.73 earnings per share for the current fiscal year.

In other news, President Michael L. Hollis acquired 2,200 shares of the business’s stock in a transaction dated Thursday, December 2nd. The shares were purchased at an average price of $13.17 per share, with a total value of $28,974.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Michael L. Hollis acquired 2,801 shares of the business’s stock in a transaction dated Tuesday, November 30th. The stock was purchased at an average cost of $13.25 per share, for a total transaction of $37,113.25. The disclosure for this purchase can be found here. Insiders have purchased a total of 50,455 shares of company stock valued at $520,627 in the last quarter. 89.56% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HPK. Bank of New York Mellon Corp lifted its stake in shares of HighPeak Energy by 15.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,046 shares of the company’s stock valued at $109,000 after purchasing an additional 1,576 shares during the period. Geode Capital Management LLC lifted its stake in shares of HighPeak Energy by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 91,100 shares of the company’s stock valued at $819,000 after purchasing an additional 976 shares during the period. Morgan Stanley lifted its stake in shares of HighPeak Energy by 483.8% in the 2nd quarter. Morgan Stanley now owns 15,425 shares of the company’s stock valued at $157,000 after purchasing an additional 12,783 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of HighPeak Energy by 44.7% in the 2nd quarter. Bank of America Corp DE now owns 5,098 shares of the company’s stock valued at $52,000 after purchasing an additional 1,576 shares during the period. Institutional investors and hedge funds own 6.90% of the company’s stock.

A number of research analysts recently weighed in on HPK shares. Roth Capital started coverage on shares of HighPeak Energy in a research report on Tuesday, November 9th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of HighPeak Energy from a “strong-buy” rating to a “sell” rating in a research report on Tuesday.

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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