HighPeak Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2020, the company had approximately 22,515 MBoe of proved reserves. HighPeak Energy, Inc. was founded in 2019 and is headquartered in Fort Worth, Texas.
IPO Year:
Exchange: NASDAQ
Website: highpeakenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/23/2024 | $10.00 → $13.00 | Sell → Hold | Truist |
| 4/24/2023 | $10.00 | Sell | Truist |
| 11/9/2021 | $26.40 | Buy | ROTH Capital |
| 7/22/2021 | $15.00 | Buy | Seaport Global |
10-Q - HighPeak Energy, Inc. (0001792849) (Filer)
8-K - HighPeak Energy, Inc. (0001792849) (Filer)
8-K - HighPeak Energy, Inc. (0001792849) (Filer)
10-Q - HighPeak Energy, Inc. (0001792849) (Filer)
8-K - HighPeak Energy, Inc. (0001792849) (Filer)
8-K - HighPeak Energy, Inc. (0001792849) (Filer)
8-K - HighPeak Energy, Inc. (0001792849) (Filer)
10-Q - HighPeak Energy, Inc. (0001792849) (Filer)
8-K - HighPeak Energy, Inc. (0001792849) (Filer)
ARS - HighPeak Energy, Inc. (0001792849) (Filer)
FORT WORTH, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced financial and operating results for the quarter and nine months ended September 30, 2024, and provided updated 2024 production guidance. Highlights Third Quarter 2024 Sales volumes averaged 51,346 barrels of crude oil equivalent per day ("Boe/d"), consisting of 88% liquids (crude oil and NGL), representing a 6% increase over the second quarter 2024.Net income was $49.9 million, or $0.35 per diluted share, and EBITDAX (a non-GAAP financial measure defined and reconciled below) was $214.3 million, or $1.51 per diluted share.Generated free cash flow (a n
FORT WORTH, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2024 third quarter financial and operating results after the close of trading on Monday, November 4, 2024. HighPeak Energy will host a conference call and webcast on Tuesday, November 5, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 third quarter financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be av
FORT WORTH, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced financial and operating results for the quarter and the six months ended June 30, 2024, and provided updated 2024 guidance. HighlightsSecond Quarter 2024 Sales volumes averaged 48,531 barrels of crude oil equivalent per day ("Boe/d"), consisting of 89% liquids (crude oil and NGL), representing a 15% increase over the second quarter 2023.Lease operating expenses were $6.79 per Boe compared with $8.39 per Boe in the second quarter 2023.Net income was $29.7 million, or $0.21 per diluted share, and EBITDAX (a non-GAAP financial measure defined and reconciled b
FORT WORTH, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2024 second quarter financial and operating results after the close of trading on Monday, August 5, 2024. HighPeak Energy will host a conference call and webcast on Tuesday, August 6, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 second quarter financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be avai
FORT WORTH, Texas and MIDLAND, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or "HPK") (NASDAQ:HPK), a leading independent oil and natural gas company, has recently completed and commissioned a new solar facility, the WildHorse Solar Farm, in its Flat Top operating area. The WildHorse Solar Farm was developed and is owned and operated by Priority Power Management ("Priority Power"), a leader in the development of decarbonizing infrastructure. Annually, this 9.9 megawatt ("MW") solar facility will produce 26,806 MWs of electricity, enough to power nearly 3,700 homes, while reducing over 18 million metric tons of carbon dioxide emissions, which is the equivalen
FORT WORTH, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced financial and operating results for the quarter ended March 31, 2024. HighlightsFirst Quarter 2024 Sales volumes averaged 49,729 barrels of crude oil equivalent per day ("Boe/d"), consisting of 80% crude oil and 91% liquids, representing a 34% increase over first quarter 2023.Lease operating expenses, excluding expense workovers, were reduced for the fourth consecutive quarter to $6.30 per Boe, representing a 26% decrease from the first quarter 2023.Net income was $6.4 million, or $0.05 per diluted share, and EBITDAX (a non-GAAP financial measure defined a
FORT WORTH, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2024 first quarter financial and operating results after the close of trading on Wednesday, May 8, 2024. HighPeak Energy will host a conference call and webcast on Thursday, May 9, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 first quarter financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be availab
FORT WORTH, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- 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. HighlightsFourth Quarter 2023 The Company surpassed the milestone of $1 billion in revenues in 2023 and generated free cash flow (a non-GAAP financial measure defined and reconciled below) of $33.7 million in the fourth quarter.Sales volumes, consisting of 81% crude oil and 92% liquids, averaged 50.0 thousand barrels of crude oil equivalent per day ("MBoe/d"), repr
FORT WORTH, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2023 fourth quarter and yearend financial and operating results after the close of trading on Wednesday, March 6, 2024. HighPeak Energy will host a conference call and webcast on Thursday, March 7, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2023 fourth quarter and yearend financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings confere
FORT WORTH, Texas, Feb. 05, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced a 60 percent increase to its quarterly dividend to $0.04 per share and a $75 million share repurchase authorization. Quarterly Dividend The Company's Board of Directors declared a quarterly dividend of $0.04 per share to be paid on March 25, 2024 to stockholders of record on March 1, 2024. Stock Repurchase Program HighPeak's Board of Directors approved a repurchase program of up to $75 million of the Company's common shares. The approval grants HighPeak's management the authority to repurchase shares opportunistically in the open market from time to
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Truist upgraded HighPeak Energy from Sell to Hold and set a new price target of $13.00 from $10.00 previously
Truist initiated coverage of HighPeak Energy with a rating of Sell and set a new price target of $10.00
ROTH Capital initiated coverage of HighPeak Energy with a rating of Buy and set a new price target of $26.40
Seaport Global initiated coverage of HighPeak Energy with a rating of Buy and set a new price target of $15.00
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4 - HighPeak Energy, Inc. (0001792849) (Issuer)
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4 - HighPeak Energy, Inc. (0001792849) (Issuer)
4 - HighPeak Energy, Inc. (0001792849) (Issuer)
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4 - HighPeak Energy, Inc. (0001792849) (Issuer)
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4 - HighPeak Energy, Inc. (0001792849) (Issuer)
FORT WORTH, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced financial and operating results for the quarter and nine months ended September 30, 2024, and provided updated 2024 production guidance. Highlights Third Quarter 2024 Sales volumes averaged 51,346 barrels of crude oil equivalent per day ("Boe/d"), consisting of 88% liquids (crude oil and NGL), representing a 6% increase over the second quarter 2024.Net income was $49.9 million, or $0.35 per diluted share, and EBITDAX (a non-GAAP financial measure defined and reconciled below) was $214.3 million, or $1.51 per diluted share.Generated free cash flow (a n
FORT WORTH, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2024 third quarter financial and operating results after the close of trading on Monday, November 4, 2024. HighPeak Energy will host a conference call and webcast on Tuesday, November 5, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 third quarter financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be av
FORT WORTH, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced financial and operating results for the quarter and the six months ended June 30, 2024, and provided updated 2024 guidance. HighlightsSecond Quarter 2024 Sales volumes averaged 48,531 barrels of crude oil equivalent per day ("Boe/d"), consisting of 89% liquids (crude oil and NGL), representing a 15% increase over the second quarter 2023.Lease operating expenses were $6.79 per Boe compared with $8.39 per Boe in the second quarter 2023.Net income was $29.7 million, or $0.21 per diluted share, and EBITDAX (a non-GAAP financial measure defined and reconciled b
FORT WORTH, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2024 second quarter financial and operating results after the close of trading on Monday, August 5, 2024. HighPeak Energy will host a conference call and webcast on Tuesday, August 6, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 second quarter financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be avai
FORT WORTH, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced financial and operating results for the quarter ended March 31, 2024. HighlightsFirst Quarter 2024 Sales volumes averaged 49,729 barrels of crude oil equivalent per day ("Boe/d"), consisting of 80% crude oil and 91% liquids, representing a 34% increase over first quarter 2023.Lease operating expenses, excluding expense workovers, were reduced for the fourth consecutive quarter to $6.30 per Boe, representing a 26% decrease from the first quarter 2023.Net income was $6.4 million, or $0.05 per diluted share, and EBITDAX (a non-GAAP financial measure defined a
FORT WORTH, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2024 first quarter financial and operating results after the close of trading on Wednesday, May 8, 2024. HighPeak Energy will host a conference call and webcast on Thursday, May 9, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 first quarter financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be availab
FORT WORTH, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- 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. HighlightsFourth Quarter 2023 The Company surpassed the milestone of $1 billion in revenues in 2023 and generated free cash flow (a non-GAAP financial measure defined and reconciled below) of $33.7 million in the fourth quarter.Sales volumes, consisting of 81% crude oil and 92% liquids, averaged 50.0 thousand barrels of crude oil equivalent per day ("MBoe/d"), repr
FORT WORTH, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ:HPK) ("HighPeak Energy"), today announced that it plans to release its 2023 fourth quarter and yearend financial and operating results after the close of trading on Wednesday, March 6, 2024. HighPeak Energy will host a conference call and webcast on Thursday, March 7, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2023 fourth quarter and yearend financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings confere
FORT WORTH, Texas, Feb. 05, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced a 60 percent increase to its quarterly dividend to $0.04 per share and a $75 million share repurchase authorization. Quarterly Dividend The Company's Board of Directors declared a quarterly dividend of $0.04 per share to be paid on March 25, 2024 to stockholders of record on March 1, 2024. Stock Repurchase Program HighPeak's Board of Directors approved a repurchase program of up to $75 million of the Company's common shares. The approval grants HighPeak's management the authority to repurchase shares opportunistically in the open market from time to
FORT WORTH, Texas, Nov. 06, 2023 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ:HPK) today announced financial and operating results for the quarter ended September 30, 2023. HighlightsThird Quarter 2023 Sales volumes, consisting of 84% crude oil and 93% liquids, averaged 52,708 barrels of crude oil equivalent per day ("Boe/d"), representing a 25% increase over second quarter 2023 and a 101% increase over third quarter 2022.Net income and EBITDAX (a non-GAAP financial measure defined and reconciled below) were $38.8 million and $266.2 million, respectively.Generated $75.7 million of free cash flow (a non-GAAP financial measure defined and reconciled
Truist Securities analyst Neal Dingmann maintains HighPeak Energy (NASDAQ:HPK) with a Hold and raises the price target from $13 to $14.
U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Friday. Shares of Scholastic Corporation (NASDAQ:SCHL) fell sharply in today's pre-market trading following weaker-than-expected fourth-quarter results. Scholastic reported quarterly earnings of $1.73 per share which missed the analyst consensus estimate of $2.66 per share. Quarterly sales came in at $474.9 million which missed the analyst consensus estimate of $552.496 million, according to data from Benzinga Pro. Scholastic shares dipped 11.9% to $32.21 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. CrowdStrike Hol
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter financial results. Intuitive Surgical reported second-quarter revenue of $2.01 billion, beating the consensus estimate of $1.97 billion. The robotic-assisted surgery company reported quarterly adjusted earnings of $1.78 per share, beating analyst estimates of $1.54 per share. Intuitive Surgical shares jumped 6.7% to $444.00 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Serve Robotics Inc. (NASDAQ:SERV) gained 68.4% to $4.43 in pre-market trading after gaining over 12% on Thursday.
Truist Securities analyst Neal Dingmann upgraded HighPeak Energy, Inc (NASDAQ:HPK) to Hold from Sell, raising the price forecast to $13 from $10. Per Dingmann, HighPeak has found a bit of its stride after struggling last year with various operational and financial issues. The company has currently improved operations, resulting in lower spending and lower costs. The analyst forecasts production remaining relatively flat this year before moderating declining next year, though if prices remain firm and costs/spend contained, then FCF should remain decent enough to generate a high single-digit yield. While data suggests that well productivity, on average, has moderately decreased since
Truist Securities analyst Neal Dingmann upgrades HighPeak Energy (NASDAQ:HPK) from Sell to Hold and raises the price target from $10 to $13.
HighPeak Energy (NASDAQ:HPK) reported quarterly earnings of $0.37 per share which met the analyst consensus estimate. The company reported quarterly sales of $287.76 million which beat the analyst consensus estimate of $283.00 million by 1.68 percent. This is a 28.58 percent increase over sales of $223.79 million the same period last year.
Truist Securities analyst Neal Dingmann maintains HighPeak Energy (NASDAQ:HPK) with a Sell and lowers the price target from $11 to $10.
Shares of HighPeak Energy, Inc. (NASDAQ:HPK) fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter revenue results. HighPeak Energy posted GAAP earnings of 66 cents per share, versus market estimates of 65 cents per share. The company’s quarterly sales came in at $301.153 million versus expectations of $339.525 million. HighPeak Energy shares declined 15.3% to $13.49 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) shares jumped 404% to $11.65 after the company announced the launch of Lytus Cloud. CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) gained