HighPeak Energy (NASDAQ:HPK) Posts Earnings Results, Misses Expectations By $0.23 EPS

HighPeak Energy (NASDAQ:HPK - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23), Zacks reports. HighPeak Energy had a return on equity of 7.10% and a net margin of 12.59%.The company had revenue of $188.86 million for the quarter, compared to analyst estimates of $224.48 million.Get HighPeak Energy alerts:HighPeak Energy Price PerformanceHighPeak Energy, Inc. Insiders Continue To Buy HPK stock traded down $0.08 during trading on Wednesday, reaching $6.12. 501,127 shares of the company were exchanged, compared to its average volume of 504,181. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.82. HighPeak Energy has a twelve month low of $6.10 and a twelve month high of $15.72. The company has a 50-day moving average of $7.06 and a two-hundred day moving average of $8.60. The company has a market capitalization of $771.92 million, a price-to-earnings ratio of 7.56 and a beta of 1.09. HighPeak Energy Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 2nd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, September 2nd. HighPeak Energy's dividend payout ratio is currently 18.60%. Analyst Ratings ChangesA number of brokerages recently commented on HPK. Wall Street Zen lowered shares of HighPeak Energy from a "hold" rating to a "sell" rating in a report on Sunday, October 26th. Weiss Ratings reiterated a "sell (d)" rating on shares of HighPeak Energy in a research note on Friday, October 31st. Finally, Roth Capital initiated coverage on shares of HighPeak Energy in a research note on Monday, October 13th. They issued a "buy" rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.67.Check Out Our Latest Research Report on HPKHedge Funds Weigh In On HighPeak EnergySeveral institutional investors and hedge funds have recently added to or reduced their stakes in HPK. Raymond James Financial Inc. bought a new stake in shares of HighPeak Energy in the 2nd quarter valued at $49,000. Strs Ohio acquired a new position in HighPeak Energy during the first quarter worth $60,000. Arrowstreet Capital Limited Partnership acquired a new position in HighPeak Energy during the 2nd quarter valued at about $109,000. Nebula Research & Development LLC increased its holdings in HighPeak Energy by 56.1% during the 2nd quarter. Nebula Research & Development LLC now owns 18,273 shares of the company's stock worth $179,000 after purchasing an additional 6,568 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of HighPeak Energy in the second quarter worth approximately $225,000. 24.13% of the stock is currently owned by institutional investors and hedge funds. HighPeak Energy Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than HighPeak EnergyHow to Use the MarketBeat Stock Screener 3 Cash-Rich Stocks With High Growth Potential Right NowHow is Compound Interest Calculated?Why Vertical Aerospace Stock Could Double After This Flight TestWhat is a Stock Market Index and How Do You Use Them?Amazon: Breakout Confirmed—Here’s Where It Could Go NextThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in HighPeak Energy Right Now?Before you consider HighPeak Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HighPeak Energy wasn't on the list.While HighPeak Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here