$89.26 million in sales expected for HighPeak Energy, Inc. (NASDAQ: HPK) this quarter
Analysts predict that HighPeak Energy, Inc. (NASDAQ: HPK – Get Rating) will post sales of $89.26 million for the current quarter, according to Zacks. Two analysts released earnings estimates for HighPeak Energy, with estimates ranging from $79.82 million to $98.70 million. HighPeak Energy recorded sales of $11.57 million in the same quarter last year, suggesting a positive year-over-year growth rate of 671.5%. The company is expected to announce its next results after the market closes on Monday, March 7.
According to Zacks, analysts expect HighPeak Energy to report annual sales of $210.74 million for the current year, with estimates ranging from $201.28 million to $220.20 million. For the next fiscal year, analysts expect the company to record sales of $738.69 million, with estimates ranging from $670.78 million to $806.60 million. Zacks sales calculations are an average based on a survey of analysts who follow HighPeak Energy.
HPK has been the subject of a number of recent research reports. Roth Capital began covering HighPeak Energy in a research report on Tuesday, November 9. They set a “buy” rating for the company. Zacks Investment Research upgraded HighPeak Energy from a “sell” rating to a “buy” rating and set a price target of $20.00 for the stock in a Monday, January 24 research report.
A number of institutional investors and hedge funds have recently changed their positions in the company. Geode Capital Management LLC increased its stake in HighPeak Energy by 1.1% during the third quarter. Geode Capital Management LLC now owns 91,100 shares of the company worth $819,000 after acquiring 976 additional shares in the last quarter. Bank of America Corp DE increased its position in HighPeak Energy by 44.7% during the second quarter. Bank of America Corp DE now owns 5,098 shares of the company worth $52,000 after buying 1,576 additional shares in the last quarter. Bank of New York Mellon Corp increased its position in HighPeak Energy by 15.1% during the third quarter. Bank of New York Mellon Corp now owns 12,046 shares of the company worth $109,000 after buying 1,576 additional shares in the last quarter. Wolverine Asset Management LLC increased its holdings of HighPeak Energy shares by 98.4% during the fourth quarter. Wolverine Asset Management LLC now owns 3,216 shares of the company worth $47,000 after acquiring an additional 1,595 shares during the period. Finally, Deutsche Bank AG purchased a new equity stake in HighPeak Energy during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 6.98% of the company’s shares.
Shares of HighPeak Energy opened at $22.00 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of 157.14 and a beta of 0.79. HighPeak Energy has a 52 week low of $6.00 and a 52 week high of $22.75. The company’s 50-day moving average is $18.41 and its two-hundred-day moving average is $14.14. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt ratio of 0.19.
The company also recently declared a quarterly dividend, which was paid on Friday, February 25. Investors of record on Tuesday, February 1 received a dividend of $0.025 per share. The ex-dividend date was Monday, January 31. This represents a dividend of $0.10 on an annualized basis and a yield of 0.45%. HighPeak Energy’s dividend payout ratio is 71.43%.
HighPeak Energy Company Profile (Get a rating)
Pure Acquisition Corp. engages in the provision of merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combinations. It focuses on the energy industry with a focus on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is based in Fort Worth, TX.
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