8,185 Shares in HighPeak Energy, Inc. (NASDAQ:HPK) Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,185 shares of the company’s stock, valued at approximately $117,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in HighPeak Energy by 850.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,297,335 shares of the company’s stock worth $38,779,000 after acquiring an additional 2,055,576 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in HighPeak Energy in the 3rd quarter valued at approximately $10,396,000. GSA Capital Partners LLP bought a new position in HighPeak Energy in the 3rd quarter worth approximately $2,318,000. Pekin Hardy Strauss Inc. acquired a new position in shares of HighPeak Energy during the third quarter worth approximately $814,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of HighPeak Energy in the third quarter valued at approximately $553,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Stock Performance

HPK opened at $15.71 on Friday. The stock has a market cap of $2.02 billion, a PE ratio of 9.79 and a beta of 0.67. HighPeak Energy, Inc. has a 1 year low of $10.44 and a 1 year high of $18.42. The stock’s 50 day simple moving average is $15.36 and its 200-day simple moving average is $15.18. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.66.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $287.80 million for the quarter, compared to the consensus estimate of $284.38 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. HighPeak Energy’s revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. Sell-side analysts forecast that HighPeak Energy, Inc. will post 1.74 EPS for the current year.

Analysts Set New Price Targets

Separately, Truist Financial decreased their price target on shares of HighPeak Energy from $11.00 to $10.00 and set a “sell” rating on the stock in a research report on Friday, April 5th.

HighPeak Energy 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.