HighPeak Energy, Inc. Announces 2024 Third Quarter Earnings Release and Conference Call Dates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
0mins
Source: Newsfilter
Earnings Release Announcement: HighPeak Energy, Inc. will release its 2024 third quarter financial and operating results on November 4, 2024, after trading hours.
Conference Call Details: A conference call and webcast to discuss the results will take place on November 5, 2024, at 10:00 a.m. Central Time, with access available through their website.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like HPK with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on HPK
Wall Street analysts forecast HPK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HPK is 9.50 USD with a low forecast of 7.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
0 Hold
1 Sell
Hold
Current: 4.430
Low
7.00
Averages
9.50
High
12.00
Current: 4.430
Low
7.00
Averages
9.50
High
12.00
About HPK
HighPeak Energy, Inc. is an independent crude oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. It focuses on the Midland Basin and specifically the Howard and Borden Counties area of the Midland Basin. The Company’s assets include certain rights, title and interests in crude oil and natural gas assets located primarily in Howard and Borden Counties, Texas, and to a lesser extent, Scurry and Mitchell Counties, Texas. The Company’s assets are located in the northeastern part of the Midland Basin. The Midland Basin is part of the Permian Basin of West Texas and Eastern New Mexico. The Permian Basin covers an area of about 96,000 square miles and comprises five sub-regions, including the Midland Basin, the Central Basin Platform, the Delaware Basin, the Northwest Shelf and the Eastern Shelf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TG Therapeutics Reports $616 Million Revenue for FY 2025, Shares Surge 11.6%
- Strong Financial Performance: TG Therapeutics reported preliminary total global revenue of approximately $616 million for FY 2025, with Q4 U.S. net product revenue for BRIUMVI at about $182 million, indicating robust market performance that is expected to boost shareholder confidence.
- Significant Stock Surge: Following the earnings report, TG Therapeutics shares jumped 11.6% to $31.10 on Wednesday, reflecting investor optimism about the company's growth potential, which may attract more capital inflow.
- Positive Market Reaction: Despite a broader market decline with the Nasdaq Composite falling over 200 points, TG Therapeutics' strong financial data allowed it to stand out among numerous stocks, showcasing its competitiveness in the biopharmaceutical sector.
- Optimistic Future Outlook: Although the financial figures are unaudited, the preliminary results suggest that the company is poised for continued growth, particularly in the marketing of its BRIUMVI product, which could further enhance its market share.
Continue Reading
Mid-to-Low Cap Energy Stocks Face Weak EPS Revisions
- Pessimistic Earnings Outlook: Mid-to-low cap energy stocks like Advantage Energy and Forum Energy Technologies have received an 'F' grade for EPS revisions, indicating significant downward adjustments by analysts, reflecting a lack of market confidence in these companies.
- Wide Industry Distribution: These stocks span various subsectors including oil and gas exploration, equipment services, storage and transportation, and refining and marketing, suggesting that the entire energy sector is facing widespread challenges in the current economic environment, which may impact overall investor confidence.
- Consistent Analyst Ratings: All listed companies have been rated at the lowest level, demonstrating analysts' general concerns about their future profitability, which could lead to increased risk aversion among investors and negatively affect market performance.
- Potential Market Reaction: As the earnings season kicks off, investors may remain cautious regarding these stocks, especially against the backdrop of widespread EPS downgrades by analysts, potentially leading to further pressure on their stock prices.
Continue Reading