HighPeak Energy, Inc. (NASDAQ:HPK) Short Interest Update

HighPeak Energy, Inc. (NASDAQ:HPK) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 6,260,000 shares, an increase of 16.4% from the November 15th total of 5,380,000 shares. Currently, 33.7% of the company’s stock are short sold. Based on an average trading volume of 337,100 shares, the days-to-cover ratio is currently 18.6 days.

HighPeak Energy Stock Down 0.8 %

HPK traded down $0.12 during mid-day trading on Monday, reaching $14.20. 292,126 shares of the stock were exchanged, compared to its average volume of 321,445. The company has a 50 day moving average price of $14.32 and a two-hundred day moving average price of $14.76. The stock has a market capitalization of $1.80 billion, a PE ratio of 11.28 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. HighPeak Energy has a 1 year low of $12.47 and a 1 year high of $17.48.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The business had revenue of $271.60 million during the quarter, compared to the consensus estimate of $270.18 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was down 21.4% compared to the same quarter last year. As a group, research analysts anticipate that HighPeak Energy will post 0.77 EPS for the current year.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, December 2nd. HighPeak Energy’s payout ratio is 12.60%.

Insider Activity

In other HighPeak Energy news, CEO Jack Hightower purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of $15.54 per share, with a total value of $1,554,000.00. Following the transaction, the chief executive officer now owns 4,959,255 shares in the company, valued at $77,066,822.70. The trade was a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 77.50% of the company’s stock.

Institutional Trading of HighPeak Energy

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in HighPeak Energy in the second quarter valued at about $40,000. Innealta Capital LLC bought a new position in HighPeak Energy during the second quarter valued at $86,000. SG Americas Securities LLC bought a new position in HighPeak Energy during the third quarter valued at $107,000. FMR LLC increased its position in HighPeak Energy by 766.6% in the third quarter. FMR LLC now owns 8,016 shares of the company’s stock worth $111,000 after buying an additional 7,091 shares during the last quarter. Finally, Solstein Capital LLC lifted its position in shares of HighPeak Energy by 33.3% during the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock valued at $112,000 after buying an additional 2,000 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial raised their target price on HighPeak Energy from $12.00 to $14.00 and gave the company a “hold” rating in a report on Tuesday, November 12th.

About HighPeak Energy

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.