Q3 EPS Estimates for HighPeak Energy Lowered by Roth Capital

HighPeak Energy, Inc. (NASDAQ:HPK) – Stock analysts at Roth Capital dropped their Q3 2024 earnings per share estimates for HighPeak Energy in a research note issued on Monday, October 28th. Roth Capital analyst J. White now anticipates that the company will post earnings per share of $0.20 for the quarter, down from their previous estimate of $0.49. The consensus estimate for HighPeak Energy’s current full-year earnings is $0.91 per share. Roth Capital also issued estimates for HighPeak Energy’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.06 EPS.

Separately, Truist Financial reduced their target price on shares of HighPeak Energy from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Monday, September 30th.

HighPeak Energy Trading Up 0.1 %

Shares of NASDAQ:HPK opened at $13.12 on Thursday. The company has a market cap of $1.68 billion, a P/E ratio of 10.93 and a beta of 0.68. The stock’s 50-day moving average is $14.62 and its 200-day moving average is $14.85. HighPeak Energy has a 52-week low of $12.20 and a 52-week high of $18.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.93.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.22). The business had revenue of $275.30 million during the quarter, compared to analyst estimates of $282.56 million. HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share.

HighPeak Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, September 3rd. HighPeak Energy’s payout ratio is presently 13.33%.

Insider Activity at HighPeak Energy

In other HighPeak Energy news, CEO Jack Hightower purchased 100,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was purchased at an average price of $15.54 per share, for a total transaction of $1,554,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,959,255 shares in the company, valued at approximately $77,066,822.70. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 203,821 shares of company stock worth $3,154,206. Company insiders own 77.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in HighPeak Energy by 26.8% during the second quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock worth $7,321,000 after purchasing an additional 110,099 shares during the period. Sanders Morris Harris LLC bought a new position in shares of HighPeak Energy in the third quarter valued at approximately $4,506,000. Denali Advisors LLC raised its stake in shares of HighPeak Energy by 80.2% in the second quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock valued at $4,496,000 after acquiring an additional 142,300 shares during the last quarter. Empowered Funds LLC raised its stake in shares of HighPeak Energy by 49.6% in the first quarter. Empowered Funds LLC now owns 153,164 shares of the company’s stock valued at $2,415,000 after acquiring an additional 50,812 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of HighPeak Energy by 29.7% in the first quarter. GSA Capital Partners LLP now owns 127,460 shares of the company’s stock valued at $2,010,000 after acquiring an additional 29,177 shares during the last quarter. Institutional investors own 24.13% of the company’s stock.

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.