Core Viewpoint - HighPeak Energy, Inc. is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2024, with a consensus EPS estimate of $0.50, reflecting a 78.6% increase from the previous year, and revenues projected at $281.49 million, up 16.9% [1][3][4]. Earnings Expectations - The upcoming earnings report is anticipated to be released on August 5, and the stock price may rise if actual results exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 8.16% higher in the last 30 days, indicating a positive reassessment by analysts [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for HighPeak Energy matches the consensus estimate, resulting in an Earnings ESP of 0% [11]. - The stock currently holds a Zacks Rank of 4, suggesting a less favorable outlook for beating the consensus EPS estimate [12][13]. Historical Performance - In the last reported quarter, HighPeak Energy was expected to post earnings of $0.39 per share but delivered $0.37, resulting in a surprise of -5.13% [14]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [15]. Industry Context - In comparison, Coterra Energy is expected to report earnings of $0.40 per share for the same quarter, indicating a year-over-year change of +2.6%, with revenues projected at $1.35 billion, up 13.6% [21].

Company Overview - HighPeak Energy is a publicly traded independent oil and natural gas company headquartered in Fort Worth, Texas [2] - The company focuses on the acquisition, development, exploration, and exploitation of oil and natural gas reserves in the Midland Basin in West Texas [2] Upcoming Events - HighPeak Energy plans to release its 2024 second quarter financial and operating results after the close of trading on Monday, August 5, 2024 [2] - A conference call and webcast will be hosted on Tuesday, August 6, 2024, at 10:00 a.m. Central Time for investors and analysts to discuss the financial results and operational highlights [1] Investor Information - Participants can register for the conference call and access the live audio-only webcast and replay through HighPeak Energy's website [1] - The live broadcast of the earnings conference call will also be available on the company's website under the "Investors" section [1]

Company Overview - HighPeak Energy, Inc. is a publicly traded independent oil and natural gas company headquartered in Fort Worth, Texas [3] - The company focuses on the acquisition, development, exploration, and exploitation of oil and natural gas reserves in the Midland Basin in West Texas [3] Upcoming Financial Results - HighPeak Energy plans to release its 2024 second quarter financial and operating results after the close of trading on August 5, 2024 [2] - A conference call and webcast will be hosted on August 6, 2024, at 10:00 a.m. Central Time to discuss the financial results and operational highlights [3]

Group 1: Core Insights - The article highlights three low-beta energy stocks that are recommended for investment, specifically HighPeak Energy Inc, Vitesse Energy Inc, and Transportadora de Gas del Sur SA, all of which have a Zacks Rank of 1 or 2 and a beta lower than 1 [2][4] - The energy market has shown extreme volatility, particularly since the onset of the coronavirus pandemic, with oil prices fluctuating significantly, including a drop to negative $36.98 per barrel in April 2020 and a rise to $123.64 per barrel in March 2022 [5][9] - The importance of low-beta stocks is emphasized as they can provide robust returns while mitigating risks associated with market turbulence, making them suitable for building a resilient investment portfolio [8] Group 2: Company-Specific Insights - HighPeak Energy is positioned to benefit from favorable crude pricing, with an expected earnings growth of nearly 21% this year, indicating strong performance potential [7] - Transportadora de Gas del Sur SA has a significant midstream asset portfolio, featuring the largest natural gas pipeline network in Latin America, which generates stable fee-based revenues by transporting over 60% of the gas consumed in Argentina [11] - Vitesse Energy holds interests in 6,932 productive wells primarily in the Bakken region of North Dakota, providing a solid production outlook, contingent on favorable crude pricing [13]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, to achieve exceptional returns [1] Group 1: Growth Metrics - HighPeak Energy has a historical EPS growth rate of 81.9%, with projected EPS growth of 20.7% this year, significantly outperforming the industry average of -5.4% [4] - The company's annualized cash flow growth rate over the past 3-5 years is 176.7%, compared to the industry average of 11.6% [12] - Current-year earnings estimates for HighPeak Energy have increased by 24.4% over the past month [13] Group 2: Cash Flow Analysis - Year-over-year cash flow growth for HighPeak Energy stands at 41.6%, which is notably higher than the industry average of -19.1% [15] - Higher-than-average cash flow growth is crucial for growth-oriented companies, allowing them to expand without relying on external funding [5] Group 3: Investment Recommendation - HighPeak Energy is recommended as a potential outperformer for growth investors, supported by a favorable Growth Score and a Zacks Rank of 2 (Buy) [7][17] - The combination of strong earnings growth, significant cash flow growth, and positive earnings estimate revisions positions HighPeak Energy as a compelling growth stock [10][16]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional va ...

FORT WORTH, Texas and MIDLAND, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or "HPK") (NASDAQ: HPK), a leading independent oil and natural gas company, has recently completed and commissioned a new solar facility, the WildHorse Solar Farm, in its Flat Top operating area. The WildHorse Solar Farm was developed and is owned and operated by Priority Power Management ("Priority Power"), a leader in the development of decarbonizing infrastructure. Annually, this 9.9 megawatt ("MW") s ...

Core Insights - HighPeak Energy has launched the WildHorse Solar Farm, a 9.9 MW solar facility aimed at reducing greenhouse gas emissions and lowering operational costs [1][2][4]. Company Overview - HighPeak Energy, Inc. is an independent oil and natural gas company based in Fort Worth, Texas, focusing on unconventional crude oil and natural gas reserves in the Midland Basin [6]. Project Details - The WildHorse Solar Farm will generate 26,806 MWs of electricity annually, sufficient to power nearly 3,700 homes, while reducing over 18 million metric tons of carbon dioxide emissions [2]. - The project is designed to minimize capital costs for shareholders, as it is developed and operated by Priority Power Management [4]. Market Context - Power prices in Texas are expected to rise significantly over the next decade, with competition among various energy users intensifying [3]. - The value of power has already increased by $100 million for 100 megawatts over the next 10 years, indicating a trend of escalating energy costs [3]. Environmental Commitment - HighPeak Energy emphasizes its commitment to environmental stewardship through the development of renewable energy infrastructure, which will also help in reducing operational expenses [5].

Shares of HighPeak Energy, Inc. (HPK) have gained 3% over the past four weeks to close the last trading session at $15.71, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22.17 indicates a potential upside of 41.1%.The mean estimate comprises three short-term price targets with a standard deviation of $11.03. While the lowest estimate of $10 indicates a 36.4% decline from the c ...

Financial Data and Key Metrics Changes - The company generated positive free cash flow from operations for the third consecutive quarter, with a free cash flow increase of 42% compared to the last quarter, totaling over $150 million in the last three quarters [16][46]. - The unhedged first quarter EBITDAX margin was $52.68 per BOE, approximately 70% higher than the public peer average and over 30% higher than the closest peer [11][12]. - Operating expenses saw a 16% decrease in LOE per BOE, down to $6.30, while absolute dollars spent on LOE were roughly $200,000 lower than Q1 2023 despite increased production [17][20]. Business Line Data and Key Metrics Changes - The company maintained average production levels at approximately 50,000 barrels per day, consistent with the previous quarter [17]. - The capital investment in infrastructure is expected to yield significant dividends, improving EBITDAX margins and lowering well breakeven costs [21]. Market Data and Key Metrics Changes - The company’s focus on high oil cut production, with only 1% of revenue from gas, positions it competitively in the market, especially as gas prices remain low [38][99]. - The company anticipates moving more locations into the sub-$50 per barrel breakeven category as costs are driven down [26]. Company Strategy and Development Direction - The company is committed to disciplined operations, strengthening its balance sheet, and maximizing shareholder value through increased dividends and share buybacks [15][6]. - The strategic focus includes maintaining capital discipline while exploring opportunities for increased drilling activity if oil prices stabilize [65][66]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and the ability to generate free cash flow, emphasizing the importance of maintaining capital discipline [29][57]. - The company is optimistic about its extensive inventory of oil-rich, low-cost locations, which will be converted into free cash flow for shareholders [55][93]. Other Important Information - The company has invested in a solar farm to enhance its electrical system, which is expected to reduce power costs significantly [10][96]. - The infrastructure built is designed for the life of the field, allowing for scalability and efficiency in operations [42][89]. Q&A Session Summary Question: Can you provide more detail on the chemical program's efficiency? - The chemical program has seen improvements due to infrastructure investments, reducing treatment costs for recycled water by about half compared to six months ago [34][35]. Question: What is the company's approach to increasing drilling activity? - The company plans to be cautious and slow in increasing activity, ensuring that any additional rigs are supported by free cash flow [66][86]. Question: Is there flexibility in the term loan repayment? - The company has the ability to accelerate repayments under the term loan without penalties after 15 months, depending on free cash flow and market conditions [73][75]. Question: How does the company view its inventory and potential for future production? - The company believes it can significantly increase production with its existing inventory and infrastructure, potentially doubling production levels in the right market conditions [30][74].