HighPeak Energy Could Become An Acquisition Target - Analyst Determines The Premium
HighPeak Energy Could Become An Acquisition Target - Analyst Determines The Premium
Truist Securities analyst Neal Dingmann upgraded HighPeak Energy, Inc (NASDAQ:HPK) to Hold from Sell, raising the price forecast to $13 from $10.
Truist Securities分析师尼尔·丁曼将HighPeak Energy, Inc（纳斯达克股票代码：HPK）从卖出上调至持有，将预期价格从10美元上调至13美元。
Per Dingmann, HighPeak has found a bit of its stride after struggling last year with various operational and financial issues. The company has currently improved operations, resulting in lower spending and lower costs.
根据丁曼的说法，HighPeak在去年因各种运营和财务问题而苦苦挣扎之后，取得了长足的进步。该公司目前改善了运营，从而降低了支出和降低了成本。
The analyst forecasts production remaining relatively flat this year before moderating declining next year, though if prices remain firm and costs/spend contained, then FCF should remain decent enough to generate a high single-digit yield.
该分析师预测，今年的产量将保持相对平稳，然后在明年放缓下降，但如果价格保持坚挺并控制成本/支出，则FCF应保持足够不错的水平，足以产生较高的个位数收益率。
While data suggests that well productivity, on average, has moderately decreased since 2022, the analyst emphasized more efficient operations should offset much of this decline.
尽管数据表明，自2022年以来，油井生产率平均略有下降，但分析师强调，更高效的运营应该可以抵消这种下降的大部分影响。
Dingmann highlights that HighPeak could become an acquisition target with a potential price per share roughly around the new $13 price target.
丁曼强调说，HighPeak可能成为收购目标，每股潜在价格大约在新的13美元目标股价附近。
Going ahead, the company will likely need to take a moderate shareholder return approach after the 60% distribution increase and share repurchase announced last quarter, given the need to continually de-lever the balance sheet.
展望未来，鉴于需要持续降低资产负债表的杠杆性，该公司在上个季度宣布了60％的分配增长和股票回购之后，可能需要采取适度的股东回报率方法。
As a result, the company said it would continue to run a less active/stable operation, running a two-drilling rig/one frac crew program that should provide stable FCF in the near term.
因此，该公司表示将继续运行不那么活跃/稳定的作业，运行两台钻机/一台压裂机组人员计划，该计划将在短期内提供稳定的FCF。
For FY24, the company raised EBIDTAX to $965 million from $957 million.
在24财年，该公司将息税折旧摊销前税从9.57亿美元提高至9.65亿美元。
For FY25, the company raised EBIDTAX to $917 million from $911 million.
在25财年，该公司将息税折旧摊销前税从9.11亿美元提高至9.17亿美元。
Price Action: HPK shares are trading higher by 0.44% to $14.85 at last check Thursday.
价格走势：在周四的最后一次检查中，HPK股价上涨0.44％，至14.85美元。
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