How should traders position around HPK's earnings season?

**Traders should approach HighPeak Energy's (HPK) earnings season with caution and consider the following factors**: 1. **Earnings Estimates**: HPK's Q1 2024 earnings are expected to be $0.41 per share, while Q4 2024's EPS estimates have been cut by Seaport Res Ptn. This suggests a potential decline in earnings, which could negatively impact the stock. 2. **Analyst Ratings**: Roth Capital has reduced its Q3 2024 EPS estimates, indicating a bearish outlook. However, the consensus rating for HPK is "Neutral" with an average price target of $14, suggesting limited downside risk. 3. **Market Performance**: HPK's stock has experienced a pre-market decrease of 5.71%, which could reflect market concerns about the earnings report. Post-market movements have been relatively stable with a decrease of 0.23%. |code|Ticker|Name|Date|Pre-Market Percentage Change|market_code| |---|---|---|---|---|---| |HPK|HPK.O|HighPeak Energy|20250403|-5.705474171164227|185| |code|Ticker|Name|Date|Post-Market Percentage Change|market_code| |---|---|---|---|---|---| |HPK|HPK.O|HighPeak Energy|20250403|-0.23130300693909897|185| 4. **Technical Indicators**: The stock's support level is at $12.66, which could be a point of interest for traders looking to position around the earnings event. The 20-day moving average is $12.23, suggesting a potential bounce if the stock reacts positively to the earnings report. |code|Ticker|Name|Date|Support Level|Resistance Level|market_code| |---|---|---|---|---|---|---| |HPK|HPK.O|HighPeak Energy|20250402|12.6600|13.0700|185| |code|Ticker|Name|Date|Moving Average|market_code| |---|---|---|---|---|---| |HPK|HPK.O|HighPeak Energy|20250402|12.7340|185| 5. **Fund Flow**: There has been a net fund flow of $38,583.12 into the stock, which could indicate investor interest despite the earnings concerns. However, the block order net fund flow is lower at $32,303.56, suggesting potential institutional caution. |code|Ticker|Name|Date|Net Fund Flow|Net Fund Flow (Block Order)|market_code| |---|---|---|---|---|---|---| |HPK|HPK.O|HighPeak Energy|20250106|-298021.1793|-320318.6492|185| |HPK|HPK.O|HighPeak Energy|20250107|-233978.9793|-244719.5839|185| |HPK|HPK.O|HighPeak Energy|20250108|-417998.0001|-422443.0754|185| |HPK|HPK.O|HighPeak Energy|20250110|-154272.6741|-161098.5145|185| |HPK|HPK.O|HighPeak Energy|20250113|-567110.482|-576118.1319|185| |HPK|HPK.O|HighPeak Energy|20250114|-277779.4432|-279454.8953|185| |HPK|HPK.O|HighPeak Energy|20250115|-7288.3363|-11590.6112|185| |HPK|HPK.O|HighPeak Energy|20250116|-108818.2149|-105358.3513|185| |HPK|HPK.O|HighPeak Energy|20250117|72632.3812|70364.2318|185| |HPK|HPK.O|HighPeak Energy|20250121|68597.4825|63906.9628|185| In conclusion, while there are signs of potential weakness in HPK's earnings, the neutral consensus rating and the recent fund inflows suggest that traders should not be overly bearish. A cautious approach, considering both the potential risks and opportunities, would be advisable until the earnings report is disclosed on March 10, 2025.