HighPeak Energy (HPK) Surges 7.1%: Is This an Indication of Further Gains?

Group 1 - HighPeak Energy, Inc. (HPK) shares increased by 7.1% to close at $10.44, following a notable trading volume compared to typical sessions, despite a 12.4% loss over the past four weeks [1][2] - The rise in stock price is attributed to optimism regarding crude oil prices, which have approached $70, and strong energy demand, likely leading to increased drilling activity in West Texas' Midland Basin [2] - HighPeak Energy is expected to report quarterly earnings of $0.11 per share, reflecting a year-over-year decline of 60.7%, with revenues projected at $211.58 million, down 23.1% from the previous year [3] Group 2 - The consensus EPS estimate for HighPeak Energy has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - HighPeak Energy holds a Zacks Rank of 3 (Hold) within the Oil and Gas - Exploration and Production - United States industry, similar to Permian Resources, which also has a Zacks Rank of 3 [5][6] - Permian Resources is expected to report an EPS of $0.26, representing a 33.3% decline from the previous year, and closed the last trading session at $14.42, with a slight return of -0.1% over the past month [6]