Highpeak Energy Inc reports results for the quarter ended in December - Earnings Summary

HighPeak Energy

06/03/2024 22:37

* Highpeak Energy Inc  HPK.OQ  reported quarterly adjusted
earnings of 66 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 53 cents.  The mean expectation of
four analysts for the quarter was for earnings of 65 cents per
share. Wall Street expected results to range from 55 cents to 75
cents per share.
    * Revenue rose 16.8% to $301.15 million from a year ago;
analysts
expected $339.53 million. 
    * Highpeak Energy Inc's reported EPS for the quarter was 66
cents​.
    * The company reported quarterly net income of $95 million.
    * Highpeak Energy Inc shares had risen by 14.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Highpeak Energy
Inc is $25.00 
This summary was machine generated from LSEG data March 6 at
10:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.65           0.66           Beat
 Sep. 30 2023      0.71           0.28           Missed
 Jun. 30 2023      0.48           0.25           Missed
 Mar. 31 2023      0.65           0.39           Missed