HighPeak Energy, Inc. (NASDAQ:HPK) CEO Acquires $550,189.50 in Stock

HighPeak Energy, Inc. (NASDAQ:HPK) CEO Jack Hightower bought 36,078 shares of HighPeak Energy stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $15.25 per share, with a total value of $550,189.50. Following the completion of the acquisition, the chief executive officer now directly owns 4,859,255 shares of the company’s stock, valued at approximately $74,103,638.75. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

HighPeak Energy Stock Performance

HighPeak Energy stock opened at $14.07 on Friday. HighPeak Energy, Inc. has a fifty-two week low of $12.20 and a fifty-two week high of $18.42. The firm’s 50 day simple moving average is $15.48 and its 200-day simple moving average is $15.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.93 and a quick ratio of 0.90. The company has a market cap of $1.80 billion, a P/E ratio of 11.35 and a beta of 0.68.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data 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). HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The firm had revenue of $275.30 million for the quarter, compared to analysts’ expectations of $282.56 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts predict that HighPeak Energy, Inc. will post 1.07 EPS for the current year.

HighPeak Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.14%. HighPeak Energy’s dividend payout ratio is 12.90%.

Institutional Investors Weigh In On HighPeak Energy

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in HighPeak Energy during the 4th quarter valued at about $117,000. Swiss National Bank acquired a new position in HighPeak Energy in the 4th quarter valued at approximately $721,000. Dynamic Technology Lab Private Ltd purchased a new stake in HighPeak Energy in the 4th quarter worth approximately $226,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of HighPeak Energy during the 4th quarter valued at $3,636,000. Finally, Wasatch Advisors LP grew its holdings in shares of HighPeak Energy by 4.7% during the 4th quarter. Wasatch Advisors LP now owns 450,765 shares of the company’s stock valued at $6,419,000 after acquiring an additional 20,087 shares in the last quarter. 24.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Truist Financial upped their target price on HighPeak Energy from $13.00 to $14.00 and gave the company a “hold” rating in a 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.