HighPeak Energy, Inc. Plans Quarterly Dividend of $0.04 (NASDAQ:HPK)

HighPeak Energy, Inc. (NASDAQ:HPK) declared a quarterly dividend on Friday, February 14th, RTT News reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.04 per share on Tuesday, March 25th. This represents a $0.16 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, March 3rd.

HighPeak Energy has raised its dividend payment by an average of 28.7% annually over the last three years. HighPeak Energy has a dividend payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect HighPeak Energy to earn $0.96 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 16.7%.

HighPeak Energy Price Performance

Shares of HPK opened at $12.92 on Friday. HighPeak Energy has a 52-week low of $12.48 and a 52-week high of $17.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The business’s 50 day moving average price is $14.23 and its two-hundred day moving average price is $14.45. The firm has a market cap of $1.64 billion, a PE ratio of 10.17 and a beta of 0.73.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their price objective on HighPeak Energy from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, January 13th.

HighPeak Energy Company Profile

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.