Highpeak Energy Inc reports results for the quarter ended December 31 - Earnings Summary

• Highpeak Energy Inc HPK.OQ reported a quarterly adjusted loss of 21 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of three analysts for the quarter was for a loss of 7 cents per share.

• Revenue fell 29.4% to $165.84 million from a year ago; analysts expected $190.56 million.

• Highpeak Energy Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $25.21 million.

• Highpeak Energy Inc shares had risen by 16.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 366.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 "buy."

• Wall Street's median 12-month price target for Highpeak Energy Inc is $8.50, about 35.3% above its last closing price of $5.50

This summary was machine generated from LSEG data March 11 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)