Why These Energy Stocks Are Losing This Week

3. HighPeak Energy, Inc. (NASDAQ:HPK)

Share Price Decline Between Apr. 22 and Apr. 29: 9.53%

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.

HighPeak Energy, Inc. (NASDAQ:HPK) took a hit earlier this month after Bank of America initiated its coverage with an Underperform rating and a price target of $10, based on the bank’s cautious view of the overall oil industry. The stock has once again been downgraded by BoA this week, and its price target has been reduced even further to $8. This comes as a result of the analyst lowering the Q2-Q4 2025 WTI oil deck to $57 per barrel from $64.50, and noting that the HPK’s house view anticipates the biggest negative impact on oil prices in Q2.