HighPeak Energy Expects Production To Decline From H2 2023 Levels (Downgrade) [Seeking Alpha]
HighPeak Energy, Inc. (HPK)
Company Research
Source: Seeking Alpha
HighPeak is expected to generate around $145 million in 2024 free cash flow, but at the cost of those production declines. HighPeak's reserve volumes and PV-10 were significantly reduced between its August 2023 estimates and its year-end report. HighPeak is also required to make $120 million in term loan repayments per year. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » HighPeak Energy, Inc.'s NASDAQ: HPK Q4 2023 earnings report and guidance for 2024 were both disappointing. On the positive side, HighPeak generated some ($33.7 million) free cash flow in Q4 2023 and is projected to generate another $145 million in 2024 free cash flow at current strip prices. However, HighPeak's production also appears to be noticeably declining. HighPeak's Q4 2023 sales volumes went down -5% compared to Q3 2023, although Q4 2023 volumes were negatively affected by weather issues and unplanned midstream maintenance disruptions
Show less
Read more
Impact Snapshot
Event Time:
HPK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HPK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HPK alerts
High impacting HighPeak Energy, Inc. news events
Weekly update
A roundup of the hottest topics
HPK
News
- HighPeak Energy, Inc. Announces 2024 First Quarter Earnings Release and Conference Call DatesGlobeNewswire
- Do Options Traders Know Something About HighPeak Energy (HPK) Stock We Don't? [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (NASDAQ:HPK) Shares Could Be 22% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (NASDAQ: HPK) had its price target lowered by analysts at Truist Financial Co. from $11.00 to $10.00. They now have a "sell" rating on the stock.MarketBeat
- HighPeak Energy: Strategic Alternatives [Seeking Alpha]Seeking Alpha
HPK
Earnings
- 3/6/24 - Beat
HPK
Sec Filings
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- 4/17/24 - Form DEFA14A
- HPK's page on the SEC website