HighPeak Energy, Inc. (NASDAQ:HPK) CEO Jack Hightower Buys 50,000 Shares

HighPeak Energy, Inc. (NASDAQ:HPK) CEO Jack Hightower acquired 50,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $15.50 per share, for a total transaction of $775,000.00. Following the acquisition, the chief executive officer now owns 4,722,863 shares of the company’s stock, valued at approximately $73,204,376.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, August 29th, Jack Hightower purchased 17,743 shares of HighPeak Energy stock. The shares were bought at an average price of $15.50 per share, for a total transaction of $275,016.50.

HighPeak Energy Trading Down 0.6 %

Shares of HighPeak Energy stock opened at $16.08 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 12.97 and a beta of 0.69. HighPeak Energy, Inc. has a 1 year low of $12.20 and a 1 year high of $18.42. The company’s fifty day moving average is $15.41 and its two-hundred day moving average is $15.25. 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 earnings results on Monday, August 5th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.22). The firm had revenue of $275.30 million during the quarter, compared to analysts’ expectations of $282.56 million. HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Analysts forecast that HighPeak Energy, Inc. will post 1.07 earnings per share for the current year.

HighPeak Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, September 3rd. HighPeak Energy’s dividend payout ratio (DPR) is 12.90%.

Institutional Trading of HighPeak Energy

Several hedge funds have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC grew its holdings in HighPeak Energy by 197.4% during the second 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 during the period. Squarepoint Ops LLC boosted its position in shares of HighPeak Energy by 47.4% during 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 in the last quarter. Interval Partners LP acquired a new position in shares of HighPeak Energy during the 2nd quarter worth $1,684,000. Denali Advisors LLC increased its holdings in shares of HighPeak Energy by 80.2% in the 2nd quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock valued at $4,496,000 after purchasing an additional 142,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of HighPeak Energy by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company’s stock valued at $728,000 after purchasing an additional 3,497 shares in the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.