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We recently published a list of Jim Cramer Talked About These 16 Stocks Recently. In this article, we are going to take a look at where HighPeak Energy, Inc. (NASDAQ:HPK) stands against other stocks that Jim Cramer discussed recently.
During the lightning round, a caller asked about HighPeak Energy, Inc. (NASDAQ:HPK), and in response, Cramer said:
“Okay, Rusty Braziel once told me this was a terrific company. The problem is, oil at $62 a barrel does not make me interested. If you think oil’s going to go up, you do have a winner, though. Highpeak is levered to the price of oil more than almost all of them.”
HighPeak Energy (NASDAQ:HPK) is an independent company focused on exploring, developing, and producing crude oil, natural gas, and natural gas liquids. On May 12, the company reported its first-quarter earnings results.
It reported that daily sales volumes averaged around 53.1 thousand barrels of crude oil equivalent, which was a 6% rise from the previous quarter. HighPeak Energy (NASDAQ:HPK) posted net income of $36.3 million, or $0.26 per diluted share. The company’s EBITDAX reported was $197.3 million, or $1.40 per diluted share.
An aerial view of drilling rigs and gas pipelines in West Texas, revealing the company's operations.
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Disclosure: None. This article is originally published at Insider Monkey.
