A share price of HighPeak Energy Inc [HPK] is currently trading at $15.96, up 0.82%. An important factor to consider is whether the stock is rising or falling in short-term value.
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On 6, March 2024, HighPeak Energy, Inc. Announces Fourth Quarter and Yearend 2023 Financial and Operating Results and Provides 2024 Guidance. In a post published today on Yahoo Finance, HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter and the year ended December 31, 2023. In addition, HighPeak provided its 2024 guidance and capital budget, as approved by its Board of Directors.
From an analyst’s perspective:
HighPeak Energy Inc [NASDAQ: HPK] stock has seen the most recent analyst activity on April 24, 2023, when Truist initiated its Sell rating and assigned the stock a price target of $10. Previously, ROTH Capital started tracking the stock with Buy rating on November 09, 2021, and set its price target to $26.40. On July 22, 2021, Seaport Global Securities initiated with a Buy rating and assigned a price target of $15 on the stock.
HighPeak Energy Inc experienced fluctuations in its stock price throughout the past year between $10.44 and $24.50. HighPeak Energy Inc [NASDAQ: HPK] shares were valued at $15.96 at the most recent close of the market.
Analyzing the HPK fundamentals
Trailing Twelve Months sales for HighPeak Energy Inc [NASDAQ:HPK] were 1.11B which represents 16.76% growth. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.65 points at the first support level, and at 15.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.35, and for the 2nd resistance point, it is at 16.75.
HighPeak Energy Inc [HPK] reported earnings per share of $0.66 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.65/share, meaning a difference of $0.01 and a surprise factor of 1.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.28 per share as compared to estimates of $0.67 per share, a difference of -$0.39 representing a surprise of -58.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for HighPeak Energy Inc [NASDAQ:HPK] is 1.14. On the other hand, the Quick Ratio is 1.12, and the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 10.17.
Transactions by insiders
Recent insider trading involved Hollis Michael L., President, that happened on Nov 18 ’33 when 9256.0 shares were purchased. Chief Executive Officer, HIGHTOWER JACK completed a deal on Dec 29 ’23 to buy 50000.0 shares. Meanwhile, Chief Executive Officer HIGHTOWER JACK bought 0.1 million shares on Dec 28 ’23.
