HighPeak Energy, Inc. (HPK) vs Obsidian Energy (OBE)

HighPeak Energy, Inc. and Obsidian Energy are both Oil & Gas E&P companies. HighPeak Energy, Inc. is the larger, with a market value of $975.0M against $750.7M — 1.3× the size. HighPeak Energy, Inc. has negative trailing earnings, so its P/E is not meaningful; Obsidian Energy trades at 34.5×. HighPeak Energy, Inc. grew revenue faster over the last twelve months: −17.3% against −19.3%. Obsidian Energy has the higher net margin (4.53% vs −10.3%) and the lower return on invested capital (1.47% vs 3.19%). Across the 19 metrics below, HighPeak Energy, Inc. leads on 11 and Obsidian Energy on 8.

Valuation

Metric HPK OBE Oil & Gas E&P median
P/E n/m 34.48 10.57
P/S 1.10 1.61 1.80
P/B 0.61 0.71 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA 3.47 5.98 5.08
EV/Sales 2.31 2.27 2.39
Earnings yield (10.26%) 2.90% 6.06%
Free cash flow yield (0.83%) (18.80%) 6.17%

Profitability

Metric HPK OBE Oil & Gas E&P median
Gross margin 80.16% 63.83% 80.41%
Operating margin 15.35% 6.70% 21.39%
Net margin (10.28%) 4.53% 14.17%
Free cash flow margin (0.91%) (30.26%) 9.71%
Return on equity (5.54%) 1.99% 10.05%
Return on assets (2.83%) 1.43% 5.81%
Return on invested capital 3.19% 1.47% 6.32%

Growth

Metric HPK OBE Oil & Gas E&P median
Revenue growth (TTM) (17.26%) (19.29%) 9.94%
EPS growth (last fiscal year) (79.10%) 117.95% —
Revenue growth, 5-year CAGR 103.69% 15.86% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HPK OBE Oil & Gas E&P median
Debt to equity 0.77 0.25 0.28
Current ratio 0.87 0.78 0.96
Net debt to EBITDA 1.77 0.66 0.91

Dividend

Metric HPK OBE Oil & Gas E&P median
Dividend yield 0.53% — 4.93%
Payout ratio 0.05 0.00 0.07

Size

Metric HPK OBE Oil & Gas E&P median
Market cap 974.95m 750.71m 923.59m

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