HighPeak Energy (HPK) – Among the Energy Stocks that Lost This Week

HighPeak Energy, Inc. (NASDAQ:HPK) is an autarkic lipid and earthy state institution engaged successful the acquisition, development, and accumulation of oil, earthy gas, and NGL reserves.

On January 16, BofA lowered its terms people connected HighPeak Energy, Inc. (NASDAQ:HPK) from $6.50 to $5, portion keeping an ‘Underperform’ standing connected the shares. Despite the cut, the terms people indicates an upside of astir 27% from the existent levels. BofA remains cautious connected the lipid backdrop amid ongoing commercialized disputes and oversupply issues. Given the low-priced environment, the expert favors companies with resilient portfolios and debased breakevens, which let them to afloat screen their superior expenditures and dividends.

Following the caller downturn, HighPeak Energy, Inc.’s (NASDAQ:HPK) stock terms has fallen by astir 72% implicit the past year.

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