• Highpeak Energy Inc HPK.OQ reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of two analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 22 cents to 29 cents per share.

• Revenue fell 10.5% to $257.45 million from a year ago; analysts expected $247.91 million.

• Highpeak Energy Inc's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $36.34 million.

• Highpeak Energy Inc shares had fallen by 27.8% this quarter and lost 37.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 also "hold"

• Wall Street's median 12-month price target for Highpeak Energy Inc is $19.25

This summary was machine generated from LSEG data May 12 at 09:00 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)