Streetbeat News

HPK

HighPeak Energy, Inc.

https://www.highpeakenergy.com

Industry

Oil & Gas Exploration & Production

HighPeak Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2021, the company had approximately 64,213 MBoe of proved reserves. HighPeak Energy, Inc. was incorporated in 2019 and is headquartered in Fort Worth, Texas.

Open

14.12

Mkt cap

1.8B

Volume

109K

High

14.68

P/E Ratio

11.36

52-wk high

17.48

Low

14.10

Div yield

0.01

52-wk low

12.20

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Portfolio Pulse from Avi Kapoor

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Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:08 pm

Truist Securities analyst Neal Dingmann upgraded HighPeak Energy, Inc (NASDAQ:HPK) to Hold from Sell, raising the price target to $13 from $10. The company has improved operations, resulting in lower spending and costs. HighPeak could become an acquisition target with a potential price per share around $13. The company will likely need to take a moderate shareholder return approach after a 60% distribution increase and share repurchase announced last quarter. HPK shares are trading higher by 0.44% to $14.85.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 7:05 pm

Truist Securities has upgraded HighPeak Energy (NASDAQ:HPK) from Sell to Hold and raised the price target from $10 to $13.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:36 am

Shares of companies in the Oil and Gas sector, including HPK, SU, and TNK, are trading higher due to an increase in crude oil prices and a year-over-year rise in China's April crude oil imports.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:52 pm

HighPeak Energy (HPK) reported Q1 2024 earnings of $0.37 per share, meeting analyst estimates, with sales of $287.76M surpassing the $283M forecast, marking a 28.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:03 pm

Truist Securities analyst Neal Dingmann has maintained a Sell rating on HighPeak Energy (NASDAQ:HPK) and lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:29 pm

HighPeak Energy, Inc. (NASDAQ:HPK) shares fell by 15.3% after reporting lower-than-expected Q4 revenue, despite beating EPS estimates. Other stocks showed significant movement, with Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) leading gainers with a 404% jump after announcing the launch of Lytus Cloud. On the losing end, Solowin Holdings (NASDAQ:SWIN) dropped 31.6% after a previous day's surge. The market saw a mix of dramatic gains and losses across various sectors.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 6:35 pm

HighPeak Energy's stock is trading lower due to the company reporting Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:16 pm

HighPeak Energy has projected its capital expenditure for FY24 to be between $500M and $585M. This financial planning indicates the company's investment strategy and operational focus for the upcoming fiscal year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:17 pm

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