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

HighPeak Energy

05/08/2024 22:01

* Highpeak Energy Inc  HPK.OQ  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 25 cents.  The mean expectation of four analysts for the
quarter was for earnings of 50 cents per share. Wall Street
expected results to range from 47 cents to 53 cents per share.
    * Revenue rose 14.3% to $275.27 million from a year ago;
analysts
expected $277.94 million. 
    * Highpeak Energy Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $29.72
million.
    * Highpeak Energy Inc shares had risen by 2.8% this
quarter and
gained 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Highpeak Energy
Inc is $25.00 
This summary was machine generated from LSEG data August 5 at
09:01 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
 Jun. 30 2024      0.50           0.21           Missed
 Mar. 31 2024      0.37           0.37           Met
 Dec. 31 2023      0.65           0.66           Beat
 Sep. 30 2023      0.71           0.28           Missed