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

by · The Cerbat Gem

HighPeak Energy, Inc. (NASDAQ:HPK – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 5,440,000 shares, an increase of 15.0% from the September 15th total of 4,730,000 shares. Approximately 28.1% of the company’s shares are short sold. Based on an average trading volume of 329,800 shares, the short-interest ratio is currently 16.5 days.

Insider Buying and Selling

In other news, CEO Jack Hightower purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of $15.54 per share, with a total value of $1,554,000.00. Following the purchase, the chief executive officer now 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 at this hyperlink. Over the last quarter, insiders purchased 203,821 shares of company stock worth $3,154,206. Corporate insiders own 77.50% of the company’s stock.

Institutional Investors Weigh In On HighPeak Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its position in HighPeak Energy by 15.6% during the first quarter. Wasatch Advisors LP now owns 521,150 shares of the company’s stock valued at $8,219,000 after purchasing an additional 70,385 shares during the period. American Century Companies Inc. boosted its stake in shares of HighPeak Energy by 26.8% in the second quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock worth $7,321,000 after buying an additional 110,099 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of HighPeak Energy in the third quarter worth about $4,506,000. Denali Advisors LLC grew its holdings in HighPeak Energy by 80.2% during the second quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock worth $4,496,000 after acquiring an additional 142,300 shares during the period. Finally, Empowered Funds LLC boosted its position in HighPeak Energy by 49.6% in the 1st quarter. Empowered Funds LLC now owns 153,164 shares of the company’s stock worth $2,415,000 after purchasing an additional 50,812 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

HighPeak Energy Stock Up 1.3 %

Shares of NASDAQ HPK traded up $0.18 during midday trading on Wednesday, reaching $14.28. 165,033 shares of the company’s stock traded hands, compared to its average volume of 332,323. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 11.52 and a beta of 0.68. The stock’s 50 day simple moving average is $14.89 and its 200-day simple moving average is $14.98. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.62. HighPeak Energy has a one year low of $12.20 and a one year high of $18.42.

HighPeak Energy (NASDAQ:HPK – Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.22). HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The firm had revenue of $275.30 million for the quarter, compared to analysts’ expectations of $282.56 million. During the same period in the previous year, the company earned $0.28 EPS. The company’s revenue was up 14.3% on a year-over-year basis. On average, analysts predict that HighPeak Energy will post 0.91 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 3rd were issued a $0.04 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.12%. HighPeak Energy’s dividend payout ratio is currently 12.90%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on HPK

About HighPeak Energy

(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.

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