Get in on HighPeak Energy Inc.’s (HPK) buy-in window today!

HighPeak Energy Inc. (NASDAQ: HPK) stock jumped 3.62% on Monday to $26.92 against a previous-day closing price of $25.98. With 0.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.21 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $27.24 whereas the lowest price it dropped to was $25.72. The 52-week range on HPK shows that it touched its highest point at $38.21 and its lowest point at $16.04 during that stretch. It currently has a 1-year price target of $45.00. With its current market cap of 2.99 billion, HPK has annualized dividend of $0.10 while the current yield stands at 0.37%. Beta for the stock currently stands at 0.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HPK was up-trending over the past week, with a rise of 12.17%, but this was up by 31.38% over a month. Three-month performance surged to 23.26% while six-month performance rose 17.86%. The stock gained 47.91% in the past year, while it has gained 17.71% so far this year. A look at the trailing 12-month EPS for HPK yields 1.71 with Next year EPS estimates of 4.36. For the next quarter, that number is 0.87. This implies an EPS growth rate of 152.90% for this year and 83.19% for next year.

Float and Shares Shorts:

At present, 108.68 million HPK shares are outstanding with a float of 13.97 million shares on hand for trading. On Dec 29, 2022, short shares totaled 1.55 million, which was 1.37% higher than short shares on Nov 29, 2022. In addition to Mr. Jack D. Hightower as the firm’s Chairman & CEO, Mr. Michael L. Hollis serves as its Pres & Director.

Institutional Ownership:

Through their ownership of 7.21% of HPK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 81.78% of HPK, in contrast to 6.05% held by mutual funds. Shares owned by individuals account for 1.11%. As the largest shareholder in HPK with 4.42% of the stake, US Capital Wealth Advisors LLC holds 5,000,000 shares worth 5,000,000. A second-largest stockholder of HPK, Syntal Capital Partners LLC, holds 750,930 shares, controlling over 0.66% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in HPK, holding 411,183 shares or 0.36% stake. With a 0.16% stake in HPK, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 175,816 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 0.14% of HPK stock, is the second-largest Mutual Fund holder. It holds 155,258 shares valued at 3.55 million. WisdomTree Tr. – US Small Cap Div holds 0.10% of the stake in HPK, owning 107,728 shares worth 2.46 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, HPK reported revenue of $201.43M and operating income of $122.80M. The EBITDA in the recently reported quarter was $156.55M and diluted EPS was $0.64.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HPK since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HPK analysts setting a high price target of $50.00 and a low target of $40.00, the average target price over the next 12 months is $45.00. Based on these targets, HPK could surge 85.74% to reach the target high and rise by 48.59% to reach the target low. Reaching the average price target will result in a growth of 67.16% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HPK will report FY 2022 earnings on 03/05/2024. Analysts have provided yearly estimates in a range of $2.38 being high and $2.17 being low. For HPK, this leads to a yearly average estimate of $2.27. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. HighPeak Energy Inc. surprised analysts by $0.02 when it reported $0.85 EPS against a consensus estimate of $0.83. The surprise factor in the prior quarter was -$0.12. Based on analyst estimates, the high estimate for the next quarter is $0.87 and the low estimate is $0.85. The average estimate for the next quarter is thus $0.86.

Summary of Insider Activity:

Insiders traded HPK stock several times over the past three months with 9 Buys and 0 Sells. In these transactions, 269,220 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 2,697,326 while 8,000 shares were sold.

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