HPK Stock Analysis: Highpeak Energy Acquisition | NASDAQ

Oil & Gas E&P | NASDAQ, USA | Market Cap: 993m USD | 12M Return: 10.7% | US43114Q1058 | Charts, Fundamentals & Technical Analysis

Crude Oil, Natural Gas, NGLs
Total Rating 41
Safety 59
Buy Signal 0.41
Oil & Gas E&P
Industry Rotation: +22.0
Market Cap: 993M
Avg Turnover: 3.46M
Risk 3d forecast
Volatility79.7%
VaR 5th Pctl14.6%
VaR vs Median10.8%
Reward TTM
Sharpe Ratio0.50
Rel. Str. IBD79.6
Rel. Str. Peer Group62.1
Character TTM
Beta0.802
Beta Downside1.630
Hurst Exponent0.410
Drawdowns 3y
Max DD77.83%
CAGR/Max DD-0.19
CAGR/Mean DD-0.40
EPS (Earnings per Share) EPS (Earnings per Share) of HPK over the last years for every Quarter: "2021-06": 0.18, "2021-09": 0.18, "2021-12": 0.35, "2022-03": 0.38, "2022-06": 0.78, "2022-09": 0.68, "2022-12": 0.53, "2023-03": 0.39, "2023-06": 0.25, "2023-09": 0.55, "2023-12": 0.66, "2024-03": 0.37, "2024-06": 0.28, "2024-09": 0.22, "2024-12": 0.1831, "2025-03": 0.31, "2025-06": 0.1, "2025-09": 0.03, "2025-12": -0.2017, "2026-03": -0.02, "2026-06": -0.04,
Last SUE: -0.76
Qual. Beats: 0
Revenue Revenue of HPK over the last years for every Quarter: 2021-06: 48.27, 2021-09: 47.472, 2021-12: 98.665, 2022-03: 92.229, 2022-06: 201.428, 2022-09: 204.114, 2022-12: 257.915, 2023-03: 223.794, 2023-06: 240.76, 2023-09: 345.586, 2023-12: 301.153, 2024-03: 287.764, 2024-06: 275.266, 2024-09: 271.578, 2024-12: 234.806, 2025-03: 257.448, 2025-06: 200.4, 2025-09: 188.862, 2025-12: 165.839, 2026-03: 215.885, 2026-06: 272.419,
Rev. CAGR: -13.75%
Rev. Trend: -87.3%
Last SUE: 2.00
Qual. Beats: 1

Warnings

Interest Coverage Ratio Critical

Tailwinds

Tailwind

Seasonality 8.2 years of data

Jan +0.6% 23
Feb -0.1% 6
Mar -1.1% 21
Apr -0.6% 11
May +7.2% 35
Jun -1.9% 2
Jul +4.6% 33
Aug -3.1% 26
Sep -3.8% 40
Oct -0.2% 6
Nov +0.0% 6
Dec -0.1% 8

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: HPK Highpeak Energy Acquisition

HighPeak Energy, Inc. is an independent exploration and production company focused on crude oil, natural gas, and natural gas liquids (NGLs) in the Permian Basin, spanning West Texas and Eastern New Mexico. Founded in 2019 and headquartered in Fort Worth, Texas, the company was formerly known as HPK Energy, LP before rebranding in August 2020, the same month it went public on NASDAQ. As an independent E&P operator, HighPeak is engaged purely in upstream activities-finding, developing, and producing hydrocarbons-without involvement in midstream transportation, refining, or retail fuel sales. The Permian Basin is one of the most prolific and mature oil-producing regions in the United States, known for stacked horizontal pay zones in formations such as the Spraberry, Wolfcamp, and Bone Spring.

Headlines to Watch Out For
  • WTI crude price swings drive Permian oil revenue
  • Permian Basin production growth lifts total output volumes
  • Capital allocation prioritizes debt reduction over new drilling
Piotroski VR-10 (Strict) 4.0
Net Income: -88.7m TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA -1.47 > 1.0
NWC/Revenue: -4.89% < 20% (prev -1.92%; Δ -2.98% < -1%)
CFO/TA 0.12 > 3% & CFO 393.9m > Net Income -88.7m
Net Debt (1.04b) to EBITDA (421.1m): 2.48 < 3
Current Ratio: 0.87 > 1.5 & < 3
Outstanding Shares: last quarter (126.4m) vs 12m ago 0.25% < -2%
Gross Margin: 33.77% > 18% (prev 32.85%; Δ 0.91% > 0.5%)
Asset Turnover: 26.92% > 50% (prev 31.21%; Δ -4.29% > 0%)
Interest Coverage Ratio: -0.14 > 6 (EBIT TTM -21.2m / Interest Expense TTM 147.1m)
Altman Z'' 1.27
A: -0.01 (Total Current Assets 264.3m - Total Current Liabilities 305.5m) / Total Assets 3.17b
B: 0.12 (Retained Earnings 387.4m / Total Assets 3.17b)
C: -0.01 (EBIT TTM -21.2m / Avg Total Assets 3.13b)
D: 0.96 (Book Value of Equity 1.55b / Total Liabilities 1.62b)
Altman-Z'' = 1.27 = BB
Beneish M -3.07
DSRI: 1.20 (Receivables 75.0m/71.4m, Revenue 843.0m/964.2m)
GMI: 0.97 (GM 32.85% / 33.77%)
AQI: 0.86 (AQ_t 0.01 / AQ_t-1 0.01)
SGI: 0.87 (Revenue 843.0m / 964.2m)
TATA: -0.15 (NI -88.7m - CFO 393.9m) / TA 3.17b)
Beneish M = -3.07 (Cap -4..+1) = AA
What is the price of HPK shares?

As of August 24, 2026, the stock is trading at USD 8.32 with a total of 342,098 shares traded. Over the past week, the price has changed by +11.98%, over one month by +3.61%, over three months by +17.85% and over the past year by +10.69%.

Current recommended Stop Loss: 7.50 (which is 9.9% or 1.5 ATR below the current price).

Is HPK a buy, sell or hold?

Highpeak Energy Acquisition has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold HPK.

  • StrongBuy: 0
  • Buy: 1
  • Hold: 0
  • Sell: 1
  • StrongSell: 0

What are the forecasts/targets for the HPK price?
Analysts Target Price 7.9 -5.3%
Highpeak Energy Acquisition (HPK) - Fundamental Data Overview as of 20 August 2026
Market Cap USD = 992.7m (992.7m USD * 1.0 USD.USD)
P/E Forward = 10.6045
P/S = 1.1504
P/B = 0.6416
Revenue TTM = 843.0m USD
EBIT TTM = -21.2m USD
EBITDA TTM = 421.1m USD
Long Term Debt = 1.13b USD (from longTermDebt, last fiscal year)
Short Term Debt = 120.4m USD (from shortTermDebt, last quarter)
Debt = 1.19b USD (from shortLongTermDebtTotal, last quarter) + Leases 757k
Net Debt = 1.04b USD (calculated: Debt 1.19b - CCE 146.3m)
Enterprise Value = 2.04b USD (992.7m + Debt 1.19b - CCE 146.3m)
Interest Coverage Ratio = -0.14 (Ebit TTM -21.2m / Interest Expense TTM 147.1m)
EV/FCF = -138.2x (Enterprise Value 2.04b / FCF TTM -14.7m)
FCF Yield = -0.72% (FCF TTM -14.7m / Enterprise Value 2.04b)
FCF Margin = -1.75% (FCF TTM -14.7m / Revenue TTM 843.0m)
Net Margin = -10.52% (Net Income TTM -88.7m / Revenue TTM 843.0m)
Gross Margin = 33.77% ((Revenue TTM 843.0m - Cost of Revenue TTM 558.4m) / Revenue TTM)
Gross Margin QoQ = 76.83% (prev 19.77%)
Tobins Q-Ratio = 0.64 (Enterprise Value 2.04b / Total Assets 3.17b)
Interest Expense / Debt = 12.36% (Interest Expense 147.1m / Debt 1.19b)
Taxrate = 16.66% (16.4m / 98.7m)
NOPAT = -17.6m (EBIT -21.2m * (1 - 16.66%)) [loss with tax shield]
Current Ratio = 0.87 (Total Current Assets 264.3m / Total Current Liabilities 305.5m)
Debt / Equity = 0.77 (Debt 1.19b / totalStockholderEquity, last quarter 1.55b)
Debt / EBITDA = 2.48 (Net Debt 1.04b / EBITDA 421.1m)
 Debt / FCF = -70.85 (negative FCF - burning cash) (Net Debt 1.04b / FCF TTM -14.7m)
 Total Stockholder Equity = 1.56b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.83% (Net Income -88.7m / Total Assets 3.17b)
RoE = -5.69% (Net Income TTM -88.7m / Total Stockholder Equity 1.56b)
RoCE = -0.79% (EBIT -21.2m / Capital Employed (Equity 1.56b + L.T.Debt 1.13b))
 RoIC = -0.60% (negative operating profit) (NOPAT -17.6m / Invested Capital 2.95b)
 WACC = 9.62% (E(992.7m)/V(2.18b) * Re(8.80%) + D(1.19b)/V(2.18b) * Rd(12.36%) * (1-Tc(0.17)))
Discount Rate = 8.80% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.89 | Cagr: -1.12%
 [DCF] Fair Price = unknown (Cash Flow -14.7m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.76 | # QB: 0
Revenue Correlation: -87.26 | Revenue CAGR: -13.75% | SUE: 2.00 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.03 | Chg30d=N/A | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.07 | Chg30d=+31.82% | Revisions=+0% | GrowthEPS=-131.7% | GrowthRev=+2.4%
EPS next Year (2027-12-31): EPS=-0.22 | Chg30d=+8.33% | Revisions=+25% | GrowthEPS=-193.3% | GrowthRev=-12.0%
[Analyst] Revisions Ratio: +25% (up=1, down=0)