HighPeak Energy (HPK)
Market Price (5/30/2026): $7.11 | Market Cap: $890.6 MilSector: Energy | Industry: Oil & Gas Exploration & Production
HighPeak Energy (HPK)
Market Price (5/30/2026): $7.11Market Cap: $890.6 MilSector: EnergyIndustry: Oil & Gas Exploration & Production
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50% Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. | Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -135% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.42 | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 123% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%, Rev Chg QQuarterly Revenue Change % is -21% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% Key risksHPK key risks include [1] a stressed financial position with high peer-relative leverage and potential liquidity constraints from upcoming debt repayments, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. |
| Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -135% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.42 |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 123% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%, Rev Chg QQuarterly Revenue Change % is -21% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% |
| Key risksHPK key risks include [1] a stressed financial position with high peer-relative leverage and potential liquidity constraints from upcoming debt repayments, Show more. |
Qualitative Assessment
AI Analysis | Feedback
HighPeak Energy (HPK) stock has gained about 55% since 1/31/2026 because of the following key factors:
1. Strategic Shift Towards Free Cash Flow and Capital Discipline.
HighPeak Energy announced a significant strategic transformation in March 2026, prioritizing free cash flow generation and balance sheet strength over production growth. This strategic pivot included a nearly 50% reduction in the 2026 capital budget compared to 2025 levels, with planned expenditures between $255 million and $285 million for the year. Additionally, the company suspended its dividend, a move projected to enhance annual liquidity by an estimated $20-$25 million.
2. Robust Operational and Financial Outperformance in Q1 2026.
The company reported strong first-quarter 2026 financial and operational results on May 6, 2026. HighPeak Energy exceeded production guidance, achieving an average daily production of 45.6 thousand barrels of oil equivalent (MBoe/d), surpassing the guided range of 41-44 MBoe/d. Oil production also saw a 10% sequential increase from Q4 2025. Financially, the company reported an adjusted net loss of $0.02 per share, meeting analyst consensus, and revenue of $215.89 million, which topped analyst estimates of $210.14 million. Furthermore, unit lease operating expenses (LOE) dropped 22% quarter-over-quarter, and the company generated positive free cash flow of over $20 million.
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Stock Movement Drivers
Fundamental Drivers
The 56.0% change in HPK stock from 1/31/2026 to 5/29/2026 was primarily driven by a 79.9% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.55 | 7.10 | 56.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 944 | 822 | -13.0% |
| P/S Multiple | 0.6 | 1.1 | 79.9% |
| Shares Outstanding (Mil) | 125 | 125 | -0.4% |
| Cumulative Contribution | 56.0% |
Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| HPK | 56.0% | |
| Market (SPY) | 9.6% | -28.3% |
| Sector (XLE) | 11.0% | 70.4% |
Fundamental Drivers
The 7.4% change in HPK stock from 10/31/2025 to 5/29/2026 was primarily driven by a 35.7% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.61 | 7.10 | 7.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,027 | 822 | -20.0% |
| P/S Multiple | 0.8 | 1.1 | 35.7% |
| Shares Outstanding (Mil) | 124 | 125 | -1.1% |
| Cumulative Contribution | 7.4% |
Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| HPK | 7.4% | |
| Market (SPY) | 11.5% | -9.8% |
| Sector (XLE) | 29.7% | 54.6% |
Fundamental Drivers
The -10.0% change in HPK stock from 4/30/2025 to 5/29/2026 was primarily driven by a -26.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.89 | 7.10 | -10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,117 | 822 | -26.4% |
| P/S Multiple | 0.9 | 1.1 | 23.3% |
| Shares Outstanding (Mil) | 124 | 125 | -0.7% |
| Cumulative Contribution | -10.0% |
Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| HPK | -10.0% | |
| Market (SPY) | 38.0% | 0.1% |
| Sector (XLE) | 44.3% | 58.4% |
Fundamental Drivers
The -62.9% change in HPK stock from 4/30/2023 to 5/29/2026 was primarily driven by a -61.6% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.14 | 7.10 | -62.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 756 | 822 | 8.7% |
| P/S Multiple | 2.8 | 1.1 | -61.6% |
| Shares Outstanding (Mil) | 111 | 125 | -11.3% |
| Cumulative Contribution | -62.9% |
Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| HPK | -62.9% | |
| Market (SPY) | 89.0% | 23.1% |
| Sector (XLE) | 45.8% | 62.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HPK Return | -7% | 57% | -37% | 4% | -67% | 48% | -54% |
| Peers Return | 166% | 62% | 8% | -4% | -18% | 40% | 411% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| HPK Win Rate | 50% | 67% | 33% | 33% | 25% | 60% | |
| Peers Win Rate | 71% | 56% | 56% | 48% | 54% | 72% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| HPK Max Drawdown | -68% | -48% | -64% | -26% | -72% | -30% | |
| Peers Max Drawdown | -32% | -33% | -21% | -29% | -36% | -17% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FANG, PR, SM, OXY, COP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
| Event | HPK | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.9% | -9.5% |
| % Gain to Breakeven | 12.2% | 10.5% |
| Time to Breakeven | 2 days | 24 days |
In The Past
HighPeak Energy's stock fell -9.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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In The Past
HighPeak Energy's stock fell -9.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About HighPeak Energy (HPK)
AI Analysis | Feedback
Here are a few analogies for HighPeak Energy:
- Like a focused oil and gas driller, similar to a smaller, regional Pioneer Natural Resources operating solely in West Texas.
- Think of them as a pure-play version of an ExxonMobil or Chevron, dedicated exclusively to finding and producing oil and gas in the Midland Basin.
- An independent oil and gas exploration and production company, akin to a smaller EOG Resources, but concentrated solely in West Texas.
AI Analysis | Feedback
- Crude Oil: A naturally occurring flammable liquid petroleum extracted from underground reservoirs and sold as an energy commodity.
- Natural Gas: A naturally occurring hydrocarbon gas mixture, primarily methane, extracted from the earth and utilized as a fuel.
- Natural Gas Liquids (NGLs): Various hydrocarbons such as ethane, propane, and butane, which are separated from raw natural gas and are liquid at surface conditions.
AI Analysis | Feedback
Major Customers of HighPeak Energy (HPK)
HighPeak Energy (HPK) is an independent oil and natural gas company that sells its production primarily to other companies. Its major customers include:
- Vitol Americas Corp.: This company purchases approximately 100% of HighPeak Energy's crude oil production. Vitol Americas Corp. is part of the Vitol Group, which is a private company.
- BP Energy Company: This company purchases approximately 100% of HighPeak Energy's natural gas production. BP Energy Company is a subsidiary of BP plc (NYSE: BP).
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Michael L. Hollis President and Chief Executive Officer
Michael L. Hollis was appointed permanent Chief Executive Officer of HighPeak Energy, Inc. in November 2025, after serving as Interim CEO since September 2025. He has been President and a director of the Board since August 2020. Prior to HighPeak Energy, Mr. Hollis served as President of Pure Acquisition Corp., a publicly traded special purpose acquisition company (SPAC) that purchased the assets of HighPeak Energy partnerships, leading to the formation of HighPeak Energy, Inc.. Before Pure, he served as President and Chief Operating Officer (COO) of Diamondback Energy, Inc. from 2017 through 2019, COO from 2015 through 2016, and Vice President of Drilling from 2011 through 2014. Mr. Hollis also served on the Boards of Diamondback and Viper Energy Partners LP.. He brings over 25 years of experience in the oil and gas industry.
Steven W. Tholen Chief Financial Officer
Steven W. Tholen has served as the Chief Financial Officer of HighPeak Energy, Inc. since its inception in October 2019 and as CFO for the HighPeak Funds since 2014. He is a corporate finance executive with over 30 years of experience in building, leading, and advising corporations through complex restructurings, purchase and sales transactions, and capital market transactions. Previously, Mr. Tholen cofounded and served as Executive Vice President – Finance of Fieldco Construction Services, Inc., from 2011 to 2014. From 2009 to 2013, he founded and served as President of SDL&T Energy Partners, which sourced equity and debt financing for energy companies globally. His prior roles include Senior Vice President & CFO of Harvest Natural Resources, Inc. (2001-2008), Vice President and CFO of Penn Virginia Corporation (1995-2000), and Treasurer/Manager of Business Administration of Cabot Oil & Gas Corporation (1990-1995).
Rodney L. Woodard Chief Operating Officer
Rodney L. Woodard has served as Chief Operating Officer of HighPeak Energy, Inc. since its inception in October 2019. He possesses over 40 years of experience in the oil and gas industry, having served as a CEO, COO, and leader of engineering and operations for numerous exploration and production companies. Mr. Woodard has been the Executive Vice President & COO for the HighPeak Funds since 2017. Notably, he has a pattern of managing companies backed by private equity firms; he served as CEO and COO of Celero II, a Natural Gas Partners portfolio company (2006-2015), and Executive Vice President and COO of Celero, a Quantum Energy Partners portfolio company (2004-2006). He also cofounded Titan Exploration, a predecessor to Pure Resources.
Daniel Silver Executive Vice President
Daniel Silver was appointed Executive Vice President on November 4, 2025, having previously served as Vice President – Finance from August 2020 through September 2025. In September 2025, Mr. Silver was also appointed Chief Executive Officer of HighPeak Energy Partners, LP and HighPeak Energy Partners II, LP (private equity companies), and HighPeak Energy Management LLC (a registered investment advisor). He served as the Managing Director and Chief Compliance Officer of the HighPeak Energy Partnerships and HighPeak Energy Management since January 2014. His background includes working as the lead financial analyst at Bluestem Energy Partners, LP, and as a manager in the valuation and litigation department of Whitley Penn.
Ryan Hightower Executive Vice President
Ryan Hightower was appointed Executive Vice President on November 4, 2025, and has served as the Vice President Business Development of HighPeak Energy, Inc. since August 2020. He has over 18 years of experience in the oil and gas industry, primarily in land acquisitions and business development. Mr. Hightower was instrumental in founding the initial two private equity companies, HighPeak Energy Partners, LP and HighPeak Energy Partners II, LP, and was directly involved with Pure Acquisition Corp., the special purpose acquisition company that led to the formation of HighPeak Energy, Inc.
AI Analysis | Feedback
The key risks to HighPeak Energy's business operations primarily stem from its exposure to volatile commodity markets, its significant debt burden, and inherent operational challenges typical of an oil and natural gas exploration and production company.
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Commodity Price Volatility: HighPeak Energy's financial performance is heavily dependent on the market prices of crude oil, natural gas, and natural gas liquids. Fluctuations in these commodity prices, driven by geopolitical events, supply and demand dynamics, and OPEC+ policy decisions, can significantly impact the company's revenues, cash flow, and profitability. While HighPeak Energy utilizes hedging programs to mitigate some price risk, these can also lead to hedging losses if commodity prices rise significantly.
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High Debt Load and Liquidity Risk: The company carries a substantial long-term debt, which poses a significant risk to its financial flexibility. Managing and refinancing this debt is crucial and is directly influenced by sustained commodity prices and the company's ability to generate sufficient free cash flow. Indicators such as an Altman Z-Score suggesting financial distress and weak interest coverage highlight these concerns. HighPeak Energy has taken measures like suspending dividends and reducing capital expenditure to prioritize debt reduction.
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Operational Risks and Reserve Replacement: As an independent oil and natural gas company, HighPeak Energy faces inherent operational risks associated with exploration, development, and production activities. These include the costs and results of drilling operations, the availability of necessary equipment, services, resources, and personnel, and the ability to obtain environmental and other permits. Furthermore, the company faces the ongoing challenge of replacing its proved reserves, as evidenced by a decline in proved reserves and PV-10 value in 2025. The accuracy of reserve estimates is also subject to various variables and assumptions that may differ from actual results.
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HighPeak Energy operates in the Midland Basin in West Texas, focusing on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). The addressable markets for HighPeak Energy's main products and services are substantial within the Permian Basin and the broader U.S. market: * Oil (Crude Oil): The Permian Basin, which encompasses HighPeak Energy's operational area in the Midland Basin, is a major crude oil-producing region. Crude oil output in the Permian Basin is projected to reach 6.6 million barrels per day (b/d) in 2026. The Permian Basin accounted for 46.1% of U.S. oil production in December 2023. Overall, U.S. crude oil production averaged 12.9 million b/d in 2023 and exceeded 13.2 million b/d in 2024. The U.S. Energy Information Administration (EIA) forecasts U.S. oil production to peak at 14 million b/d in 2027. * Natural Gas: The Permian Basin also represents a significant market for natural gas. Marketed natural gas production in the Permian Basin averaged 27.7 billion cubic feet per day (Bcf/d) in 2025, accounting for 23% of total U.S. marketed gas production. For 2026, marketed natural gas production in the Permian is expected to reach 25.8 Bcf/d. The U.S. natural gas market as a whole was valued at approximately US$473.4 billion in 2025 and is projected to grow to US$601.8 billion by 2032. * Natural Gas Liquids (NGLs): The U.S. is the world's largest producer of NGLs, with North America producing over 10 million barrels per day in 2023, representing more than 80% of global NGL production. U.S. NGL production is forecast to increase from 6.85 million bpd in 2024 to 6.92 million bpd in 2025, largely driven by the Permian Basin. The U.S. natural gas liquid market size was estimated at $5.9 billion in 2024 and is projected to grow to $10.6 billion by 2035.AI Analysis | Feedback
HighPeak Energy (NASDAQ: HPK) is expected to drive future revenue growth over the next 2-3 years through a combination of optimized production, favorable commodity prices, and a strong focus on operational efficiencies within its core asset base in the Midland Basin. The company has shifted its strategy to prioritize financial stability and free cash flow generation, which indirectly supports sustainable revenue streams.
Here are the key drivers of future revenue growth for HighPeak Energy:
- Optimized and Capital-Efficient Production: HighPeak Energy is concentrating on maintaining a sustainable production baseline in the low to mid-40,000 barrels of oil equivalent per day (BOE/d) range. This is achieved through capital-disciplined drilling and a focus on efficiency gains in completion methods. Efforts also include targeted well workovers and artificial lift enhancements to increase recoveries from existing wells, ensuring consistent production volumes and revenue streams.
- Favorable Commodity Price Environment, Primarily Crude Oil: HighPeak Energy's revenue is highly sensitive to the realized prices of crude oil, natural gas, and natural gas liquids (NGLs). Crude oil consistently represents a significant portion of its production, accounting for 81% of sales volumes and 92% liquids in Q4 2023. Sustained strength in crude oil prices, despite hedging strategies, will directly translate into higher revenue per barrel sold.
- Reduction in Lease Operating Expenses (LOE): The company has demonstrated a consistent focus on reducing its Lease Operating Expenses (LOE) per BOE. This operational efficiency directly improves profit margins and enhances free cash flow. While a cost reduction, it makes each unit of production more profitable, indirectly contributing to revenue growth potential by enabling more sustainable capital reinvestment within cash flow to maintain or modestly grow production.
- Strategic Development of High-Quality Midland Basin Inventory: HighPeak Energy continues to develop its extensive, high-margin, oil-rich inventory located in the Midland Basin. The company is advancing development in core areas such as Flat Top, North Borden, and Middle Spraberry. Capital-efficient development within these proven zones ensures sustained production volumes and revenue generation over the long term, supporting the company's strategy of generating meaningful free cash flow from its existing asset base.
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Share Repurchases
- In February 2024, HighPeak Energy's Board of Directors approved a share repurchase program authorizing up to $75 million of common stock.
- The company repurchased over 2.4 million shares of common stock during 2024.
Share Issuance
- As of February 29, 2024, HighPeak Energy had approximately 128.4 million common shares outstanding.
Inbound Investments
- In November 2023, HighPeak Energy completed a $100 million super priority revolving credit facility, with initial commitments of $75.0 million.
- By Q3 2025, the company had extended all debt maturities to September 2028, boosting liquidity by over $170 million.
Capital Expenditures
- Total capital expenditures for the full-year 2025 amounted to $511.8 million, excluding acquisitions.
- For 2026, projected capital expenditures are between $255 million and $285 million, representing a nearly 50% reduction from 2025, with a strategic focus on free cash flow generation and debt reduction.
- The 2026 capital program is designed around operating one drilling rig and one frac crew, with plans to drill approximately 30 wells and bring 36 to 38 wells online.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| HighPeak Energy Earnings Notes | 12/16/2025 | |
| HighPeak Energy (HPK) Net Income Comparison | 08/08/2025 | |
| HighPeak Energy (HPK) EBITDA Comparison | 08/08/2025 | |
| HighPeak Energy (HPK) Operating Cash Flow Comparison | 08/08/2025 | |
| HighPeak Energy (HPK) Debt Comparison | 08/08/2025 | |
| HighPeak Energy (HPK) Revenue Comparison | 08/08/2025 | |
| HighPeak Energy (HPK) Operating Income Comparison | 08/08/2025 | |
| HighPeak Energy (HPK) Tax Expense Comparison | 08/08/2025 | |
| Why HighPeak Energy Stock Moved: HPK Stock Has Lost 81% Since 2022 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S) | 08/08/2025 | |
| HPK Dip Buy Analysis | 07/10/2025 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 12/18/2025 |
Trade Ideas
Select ideas related to HPK.
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|---|---|---|---|---|---|---|---|
| 04172026 | VAL | Valaris | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 15.2% | 15.2% | -0.9% |
| 03312026 | KGS | Kodiak Gas Services | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 16.3% | 16.3% | -0.7% |
| 03312026 | KOS | Kosmos Energy | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 10.8% | 10.8% | -10.8% |
| 12262025 | TPL | Texas Pacific Land | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 54.5% | 54.5% | -2.1% |
| 12122025 | NOV | NOV | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 25.4% | 25.4% | -6.5% |
| 09302024 | HPK | HighPeak Energy | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -8.3% | -48.3% | -51.1% |
| 07312023 | HPK | HighPeak Energy | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -6.0% | 8.5% | -16.6% |
| 08312022 | HPK | HighPeak Energy | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 10.6% | -41.5% | -57.3% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 43.67 |
| Mkt Cap | 34.9 |
| Rev LTM | 10,092 |
| Op Inc LTM | 2,493 |
| FCF LTM | 447 |
| FCF 3Y Avg | 202 |
| CFO LTM | 5,878 |
| CFO 3Y Avg | 5,184 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.1% |
| Rev Chg 3Y Avg | 5.3% |
| Rev Chg Q | -1.9% |
| QoQ Delta Rev Chg LTM | -0.5% |
| Op Inc Chg LTM | -19.8% |
| Op Inc Chg 3Y Avg | -17.4% |
| Op Mgn LTM | 21.3% |
| Op Mgn 3Y Avg | 30.0% |
| QoQ Delta Op Mgn LTM | -1.5% |
| CFO/Rev LTM | 52.1% |
| CFO/Rev 3Y Avg | 58.8% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 2.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 34.9 |
| P/S | 2.6 |
| P/Op Inc | 10.2 |
| P/EBIT | 13.5 |
| P/E | 21.6 |
| P/CFO | 5.1 |
| Total Yield | 5.5% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | -2.5% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -6.5% |
| 3M Rtn | 9.2% |
| 6M Rtn | 33.4% |
| 12M Rtn | 37.5% |
| 3Y Rtn | 24.4% |
| 1M Excs Rtn | -12.7% |
| 3M Excs Rtn | -1.0% |
| 6M Excs Rtn | 23.5% |
| 12M Excs Rtn | 9.7% |
| 3Y Excs Rtn | -63.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Exploration, development and production of crude oil and natural gas | 1,117 | 1,111 | |||
| Crude oil sales | 715 | 210 | 8 | ||
| Natural gas liquids (NGL) and Natural gas sales | 40 | 10 | 0 | ||
| Total | 1,117 | 1,111 | 756 | 220 | 8 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Exploration, development and production of crude oil and natural gas | 95 | 216 | |||
| Total | 95 | 216 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Exploration, development and production of crude oil and natural gas | 3,063 | 3,081 | |||
| Total | 3,063 | 3,081 |
Price Behavior
| Market Price | $7.10 | |
| Market Cap ($ Bil) | 0.9 | |
| First Trading Date | 05/29/2018 | |
| Distance from 52W High | -39.7% | |
| 50 Days | 200 Days | |
| DMA Price | $6.65 | $6.11 |
| DMA Trend | down | up |
| Distance from DMA | 6.8% | 16.2% |
| 3M | 1YR | |
| Volatility | 88.2% | 77.4% |
| Downside Capture | -459.15 | -80.90 |
| Upside Capture | -167.88 | -93.58 |
| Correlation (SPY) | -47.3% | -5.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -4.75 | -2.60 | -1.37 | -0.30 | 0.26 | 1.08 |
| Up Beta | -4.83 | -5.23 | -4.23 | -2.61 | -0.40 | 0.95 |
| Down Beta | -6.54 | 0.71 | 3.57 | 3.21 | 2.99 | 2.09 |
| Up Capture | -189% | -112% | -55% | -38% | -27% | 11% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 26 | 37 | 67 | 121 | 371 |
| Down Capture | -1152% | -441% | -358% | -88% | -42% | 98% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 17 | 26 | 57 | 127 | 372 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HPK | |
|---|---|---|---|---|
| HPK | -28.6% | 77.2% | -0.10 | - |
| Sector ETF (XLE) | 42.5% | 20.5% | 1.62 | 57.7% |
| Equity (SPY) | 30.3% | 11.8% | 1.94 | -5.4% |
| Gold (GLD) | 37.5% | 26.7% | 1.17 | -2.9% |
| Commodities (DBC) | 39.6% | 18.8% | 1.63 | 46.1% |
| Real Estate (VNQ) | 12.5% | 13.1% | 0.64 | 1.1% |
| Bitcoin (BTCUSD) | -31.8% | 41.6% | -0.81 | 11.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HPK | |
|---|---|---|---|---|
| HPK | -4.5% | 68.8% | 0.22 | - |
| Sector ETF (XLE) | 21.0% | 26.0% | 0.73 | 56.8% |
| Equity (SPY) | 14.3% | 17.0% | 0.66 | 24.7% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 7.6% |
| Commodities (DBC) | 10.2% | 19.4% | 0.41 | 44.9% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 21.3% |
| Bitcoin (BTCUSD) | 14.6% | 54.6% | 0.46 | 10.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HPK | |
|---|---|---|---|---|
| HPK | -2.4% | 67.2% | 0.24 | - |
| Sector ETF (XLE) | 9.9% | 29.5% | 0.37 | 32.2% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 14.1% |
| Gold (GLD) | 13.3% | 16.0% | 0.69 | 5.5% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 30.7% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 10.9% |
| Bitcoin (BTCUSD) | 67.0% | 66.9% | 1.06 | 5.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 5/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -9.5% | 8.3% | |
| 3/11/2026 | -2.7% | 17.4% | 8.4% |
| 11/5/2025 | -14.3% | -2.1% | -11.4% |
| 8/11/2025 | -13.3% | -8.2% | -12.5% |
| 5/12/2025 | 3.6% | -4.4% | 14.7% |
| 3/10/2025 | -7.4% | 4.3% | -30.7% |
| 11/4/2024 | 11.2% | 7.0% | 12.1% |
| 8/6/2024 | -1.8% | 9.3% | 3.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 11 |
| # Negative | 15 | 13 | 11 |
| Median Positive | 5.8% | 7.6% | 9.4% |
| Median Negative | -7.4% | -6.6% | -12.5% |
| Max Positive | 11.2% | 17.4% | 191.2% |
| Max Negative | -14.7% | -22.0% | -30.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/11/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/10/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/06/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
Recent Forward Guidance
Updated 5/28/2026Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Drilling Rigs | 1 | ||||||
| 2026 Frac Crews | 1 | ||||||
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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