HighPeak Energy, Inc. (NASDAQ:HPK) is considered one of the cheap oil stocks under $10 to buy now, with a consensus Hold rating and $9.50 price target, implying a 51% potential upside. Roth MKM reaffirmed a Buy rating on HPK despite weak Q3 results, with total revenues of $188.86 million and an EPS of -$0.15 per diluted share.

The Q3 2025 earnings report for HighPeak Energy, Inc. showed a decrease in total revenues to $188.86 million, missing analyst estimates due to a 30% drop in realized oil prices. Despite a one-time non-cash loss on debt extinguishment, the board declared a quarterly cash dividend of $0.04 per share. Interim CEO Michael Hollis emphasized a commitment to long-term strategy.

HighPeak Energy, Inc. (NASDAQ:HPK) is an independent oil and natural gas company operating in the Midland Basin of the Permian Basin in West Texas. While HPK offers potential, some believe AI stocks present greater upside potential and less downside risk. For those interested in undervalued AI stocks, a free report on the best short-term AI stock is available.

For further investment opportunities, consider exploring the 9 Best EV Charging Stocks to Buy Now and the 11 Best Falling Stocks to Buy According to Wall Street Analysts. This article is originally published at Insider Monkey.

Read more at Yahoo Finance: Roth MKM Reaffirms Buy on HighPeak (HPK) Despite Weak Q3 Results