Stock analysts at Roth Capital started coverage on shares of HighPeak Energy (NASDAQ:HPK) in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The brokerage set a “buy” rating on the stock.
A number of other brokerages have also weighed in on HPK. Seaport Res Ptn reiterated a “buy” rating on shares of HighPeak Energy in a research report on Thursday, July 22nd. Zacks Investment Research upgraded HighPeak Energy from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, October 29th. Finally, Seaport Global Securities started coverage on HighPeak Energy in a research report on Thursday, July 22nd. They set a “buy” rating and a $15.00 price target on the stock.
Shares of HPK stock traded up $0.07 during trading hours on Tuesday, reaching $14.95. The company’s stock had a trading volume of 160,136 shares, compared to its average volume of 91,278. HighPeak Energy has a one year low of $4.30 and a one year high of $21.82. The business’s fifty day moving average is $10.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.70.
HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Monday, November 8th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.06). HighPeak Energy had a negative return on equity of 1.24% and a negative net margin of 6.45%. As a group, equities analysts predict that HighPeak Energy will post 0.7 EPS for the current year.
In related news, President Michael L. Hollis bought 45,454 shares of the company’s stock in a transaction on Wednesday, October 20th. The shares were acquired at an average cost of $10.00 per share, with a total value of $454,540.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 89.56% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. CSS LLC IL raised its stake in shares of HighPeak Energy by 65.5% in the first quarter. CSS LLC IL now owns 54,109 shares of the company’s stock worth $328,000 after purchasing an additional 21,409 shares during the last quarter. HRT Financial LP purchased a new stake in HighPeak Energy during the first quarter valued at $982,000. BlackRock Inc. purchased a new stake in HighPeak Energy during the second quarter valued at $2,307,000. Jane Street Group LLC purchased a new stake in HighPeak Energy during the first quarter valued at $432,000. Finally, Rice Partnership LLC purchased a new stake in HighPeak Energy during the second quarter valued at $256,000. Hedge funds and other institutional investors own 1.86% of the company’s stock.
HighPeak Energy Company Profile
Pure Acquisition Corp. engages in the provision of merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. It focuses on energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is headquartered in Fort Worth, TX.