Short Interest in Halcon Resources Corp Grows By 4.5% (HK)
Halcon Resources Corp (NYSE:HK) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 52,181,281 shares, a growth of 4.5% from the March 31st total of 49,940,123 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 6,402,082 shares, the short-interest ratio is currently 8.2 days. Approximately 18.8% of the company’s shares are sold short.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Halcon Resources Corp in a research note on Wednesday, April 23rd. They now have a $5.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Halcon Resources Corp in a research note on Wednesday, April 16th. They now have a $4.75 price target on the stock. Finally, analysts at Sterne Agee reiterated a “hold” rating on shares of Halcon Resources Corp in a research note on Wednesday, April 16th. They now have a $4.75 price target on the stock, up previously from $4.00. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.30.
Shares of Halcon Resources Corp (NYSE:HK) opened at 5.78 on Friday. Halcon Resources Corp has a 1-year low of $3.16 and a 1-year high of $6.75. The stock has a 50-day moving average of $4.80 and a 200-day moving average of $4.20. The company’s market cap is $2.403 billion.
Halcon Resources Corp (NYSE:HK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $275.10 million for the quarter, compared to the consensus estimate of $256.14 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 44.2% on a year-over-year basis. Analysts expect that Halcon Resources Corp will post $0.13 EPS for the current fiscal year.
Halcon Resources Corporation (NYSE:HK) is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States.
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