Jack Hightower Buys 100,000 Shares of HighPeak Energy, Inc. (NASDAQ:HPK) Stock

HighPeak Energy, Inc. (NASDAQ:HPK) CEO Jack Hightower acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average cost of $15.54 per share, with a total value of $1,554,000.00. Following the purchase, the chief executive officer now directly owns 4,959,255 shares of the company’s stock, valued at approximately $77,066,822.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 3rd, Jack Hightower purchased 36,078 shares of HighPeak Energy stock. The stock was acquired at an average cost of $15.25 per share, for a total transaction of $550,189.50.
• On Thursday, August 29th, Jack Hightower acquired 17,743 shares of HighPeak Energy stock. The shares were acquired at an average cost 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 cost of $15.50 per share, for a total transaction of $775,000.00.

HighPeak Energy Trading Down 0.8 %

Shares of HPK stock opened at $15.37 on Wednesday. The business has a 50-day moving average price of $15.36 and a two-hundred day moving average price of $15.08. HighPeak Energy, Inc. has a 12-month low of $12.20 and a 12-month high of $18.42. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.97 billion, a P/E ratio of 12.40 and a beta of 0.68.

HighPeak Energy (NASDAQ:HPK) last issued its earnings results on Monday, August 5th. The company reported $0.28 earnings per share (EPS) 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 return on equity of 15.99% and a net margin of 14.05%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. Equities analysts anticipate that HighPeak Energy, Inc. will post 1.07 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The firm 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 dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 3rd. HighPeak Energy’s dividend payout ratio is currently 12.90%.

Analysts Set New Price Targets

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

Institutional Trading of HighPeak Energy

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC purchased a new position in HighPeak Energy in the 1st quarter worth approximately $44,000. Blue Trust Inc. bought a new position in shares of HighPeak Energy in the second quarter worth approximately $40,000. Innealta Capital LLC purchased a new position in shares of HighPeak Energy in the second quarter worth $86,000. Solstein Capital LLC raised its holdings in HighPeak Energy by 33.3% during the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock valued at $112,000 after buying an additional 2,000 shares during the last quarter. Finally, Encompass More Asset Management purchased a new stake in HighPeak Energy during the 2nd quarter valued at $146,000. 24.13% of the stock is owned by institutional investors.

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.