HighPeak Energy, Inc. (HPK) Gained Over 25% This Week. Here is Why.

HighPeak Energy, Inc. (NASDAQ:HPK) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th.

An aerial view of drilling rigs and gas pipelines in West Texas, revealing the company’s operations.

HighPeak Energy, Inc. (NASDAQ:HPK) is an independent oil and natural gas company engaged in the acquisition, development, and production of oil, natural gas, and NGL reserves.

The stock of HighPeak Energy, Inc. (NASDAQ:HPK) surged after the company reported its Q1 2025 results this week. HPK’s net income increased by a massive 464% YoY to $36.3 million, which was in-line with market expectations. The company’s revenue of $257.45 million, though down by over 10% from last year, also managed to beat estimates. HighPeak’s sales volumes during the quarter averaged 53.1 MBoe/d, a 6% YoY. The company also declared a quarterly dividend of $0.04 per share.

While we acknowledge the potential of HPK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than HPK and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.