HighPeak Energy (NASDAQ:HPK) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS

HighPeak Energy (NASDAQ:HPK) released its quarterly earnings results on Monday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.22), Briefing.com reports. The firm had revenue of $275.30 million for the quarter, compared to the consensus estimate of $282.56 million. HighPeak Energy had a net margin of 14.64% and a return on equity of 16.58%. HighPeak Energy’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share.

HighPeak Energy Price Performance

NASDAQ:HPK traded up $0.70 on Thursday, reaching $14.77. 412,036 shares of the company’s stock traded hands, compared to its average volume of 330,052. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $15.02 and a 200-day simple moving average of $15.06. The firm has a market cap of $1.89 billion, a PE ratio of 11.91 and a beta of 0.69. HighPeak Energy has a 12 month low of $12.20 and a 12 month high of $18.42.

HighPeak Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.08%. HighPeak Energy’s dividend payout ratio is currently 12.90%.

Analyst Ratings Changes

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

HighPeak Energy Company Profile

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.