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分析師尼爾·丁曼將HighPeak Energy, Inc（納斯達克股票代碼：HPK）從賣出上調至持有，將預期價格從10美元上調至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.
根據丁曼的說法，HighPeak在去年因各種運營和財務問題而苦苦掙扎之後，取得了長足的進步。該公司目前改善了運營，從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.
該分析師預測，今年的產量將保持相對平穩，然後在明年放緩下降，但如果價格保持堅挺並控制成本/支出，則FCF應保持足夠不錯的水平，足以產生較高的個位數收益率。
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.
儘管數據表明，自2022年以來，油井生產率平均略有下降，但分析師強調，更高效的運營應該可以抵消這種下降的大部分影響。
Dingmann highlights that HighPeak could become an acquisition target with a potential price per share roughly around the new $13 price target.
丁曼強調說，HighPeak可能成爲收購目標，每股潛在價格大約在新的13美元目標股價附近。
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.
展望未來，鑑於需要持續降低資產負債表的槓桿性，該公司在上個季度宣佈了60％的分配增長和股票回購之後，可能需要採取適度的股東回報率方法。
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，該公司表示將繼續運行不那麼活躍/穩定的作業，運行兩臺鑽機/一臺壓裂機組人員計劃，該計劃將在短期內提供穩定的FCF。
For FY24, the company raised EBIDTAX to $965 million from $957 million.
在24財年，該公司將息稅折舊攤銷前稅從9.57億美元提高至9.65億美元。
For FY25, the company raised EBIDTAX to $917 million from $911 million.
在25財年，該公司將息稅折舊攤銷前稅從9.11億美元提高至9.17億美元。
Price Action: HPK shares are trading higher by 0.44% to $14.85 at last check Thursday.
價格走勢：在週四的最後一次檢查中，HPK股價上漲0.44％，至14.85美元。
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