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

HighPeak Energy, Inc. (NASDAQ:HPK) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.04 per share on Tuesday, March 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.10%.

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. Equities 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 Stock Performance

NASDAQ:HPK opened at $14.48 on Tuesday. The firm has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $14.52. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market cap of $1.83 billion, a PE ratio of 11.40 and a beta of 0.73. HighPeak Energy has a 1-year low of $12.48 and a 1-year high of $17.48.

Analyst Upgrades and Downgrades

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

About 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.