HighPeak Energy, Inc. (NASDAQ:HPK - Get Free Report) announced a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.04 per share on Monday, December 23rd. This represents a $0.16 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, December 2nd.
HighPeak Energy has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HighPeak Energy to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 15.4%.
Shares of HPK stock traded up $0.01 during trading hours on Wednesday, reaching $14.53. 70,493 shares of the stock were exchanged, compared to its average volume of 328,766. The business's fifty day moving average is $14.47 and its two-hundred day moving average is $14.80. The firm has a market capitalization of $1.86 billion, a P/E ratio of 12.46 and a beta of 0.69. HighPeak Energy has a 12-month low of $12.20 and a 12-month high of $17.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.93 and a quick ratio of 0.90.
HighPeak Energy (NASDAQ:HPK - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The business had revenue of $271.60 million for the quarter, compared to the consensus estimate of $270.18 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business's revenue for the quarter was down 21.4% on a year-over-year basis. As a group, research analysts expect that HighPeak Energy will post 0.65 EPS for the current fiscal year.
In other news, CEO Jack Hightower bought 100,000 shares of HighPeak Energy stock in a transaction on Friday, September 20th. The shares were bought at an average cost of $15.54 per share, for a total transaction of $1,554,000.00. Following the acquisition, the chief executive officer now owns 4,959,255 shares in the company, valued at approximately $77,066,822.70. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have purchased 203,821 shares of company stock valued at $3,154,206. 77.50% of the stock is owned by corporate insiders.
Separately, Truist Financial dropped their price target on HighPeak Energy from $14.00 to $12.00 and set a "hold" rating on the stock in a research report on Monday, September 30th.
View Our Latest Report on 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.
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