HighPeak Energy: Total Production Holding Up Well, Although With A Declining Oil Cut [Seeking Alpha]
HighPeak Energy, Inc. (HPK)
Company Research
Source: Seeking Alpha
Play 9min Summary HighPeak's production hasn't declined as much as expected, dropping by 8% from Q3 2023 to Q2 2024. HighPeak's oil cut has gone down from 84% in Q3 2023 to 76% in Q2 2024 though, so its oil outperformance isn't as great. HPK is projected to generate $100 million in 2H 2024 free cash flow at current strip prices. Operating cost performance is in line with my expectations after making significant year-over-year improvements. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » ugurhan HighPeak Energy's ( NASDAQ: HPK ) overall production hasn't declined as quickly as expected after it reduced its operated drilling rigs in June 2023. HighPeak's total sales volumes are down 8% from Q3 2023 to Q2 2024 , and it increased its full-year production guidance by 4% due to its production trending fairly well. I now expect HighPeak to end up near the high-end of its updated guidance for the full-year,
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HPK
News
- 3 Undervalued Small Caps With Insider Buying Across Global Markets [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (NASDAQ: HPK) had its price target raised by analysts at Truist Financial Co. from $12.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- HighPeak Energy Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy Inc (HPK) Q3 2024 Earnings Call Highlights: Surpassing Production Expectations ... [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (HPK) Q3 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
HPK
Earnings
- 11/4/24 - Beat
HPK
Sec Filings
- 11/12/24 - Form 4
- 11/4/24 - Form 10-Q
- 11/4/24 - Form 8-K
- HPK's page on the SEC website