Insider Buying: HighPeak Energy, Inc. (NASDAQ:HPK) CEO Buys $1,554,000.00 in Stock

HighPeak Energy, Inc. (NASDAQ:HPK) CEO Jack Hightower purchased 100,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of $15.54 per share, with a total value of $1,554,000.00. Following the completion of the transaction, the chief executive officer now owns 4,959,255 shares of the company’s stock, valued at $77,066,822.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jack Hightower also recently made the following trade(s):

• On Tuesday, September 3rd, Jack Hightower bought 36,078 shares of HighPeak Energy stock. The stock was purchased at an average cost of $15.25 per share, for a total transaction of $550,189.50.
• On Thursday, August 29th, Jack Hightower purchased 17,743 shares of HighPeak Energy stock. The shares were purchased at an average price of $15.50 per share, for a total transaction of $275,016.50.
• On Tuesday, August 27th, Jack Hightower acquired 50,000 shares of HighPeak Energy stock. The stock was purchased at an average cost of $15.50 per share, with a total value of $775,000.00.

HighPeak Energy Stock Performance

HPK stock opened at $14.98 on Thursday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 12.08 and a beta of 0.68. HighPeak Energy, Inc. has a twelve month low of $12.20 and a twelve month high of $18.42. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $15.33 and its two-hundred day simple moving average is $15.09.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.22). The company had revenue of $275.30 million for the quarter, compared to the consensus estimate of $282.56 million. HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. Analysts predict that HighPeak Energy, Inc. will post 1.07 earnings per share for the current year.

HighPeak Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd were paid a $0.04 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.16 annualized dividend and a yield of 1.07%. HighPeak Energy’s dividend payout ratio (DPR) is currently 12.90%.

Analyst Ratings Changes

Separately, Truist Financial increased their price target on HighPeak Energy from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Monday, July 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC grew its holdings in HighPeak Energy by 197.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,141 shares of the company’s stock worth $761,000 after acquiring an additional 35,937 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of HighPeak Energy by 47.4% in the 2nd quarter. Squarepoint Ops LLC now owns 90,035 shares of the company’s stock worth $1,266,000 after purchasing an additional 28,951 shares during the period. Interval Partners LP purchased a new position in HighPeak Energy during the second quarter valued at approximately $1,684,000. Denali Advisors LLC raised its stake in HighPeak Energy by 80.2% in the second quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock worth $4,496,000 after buying an additional 142,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in HighPeak Energy by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company’s stock worth $728,000 after buying an additional 3,497 shares in the last quarter. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

HighPeak Energy Company 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.