Halcon Resources Corp Sees Large Growth in Short Interest (HK)
Halcon Resources Corp (NYSE:HK) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 57,296,935 shares, an increase of 9.8% from the April 15th total of 52,181,281 shares, Stock Ratings News reports. Based on an average trading volume of 8,000,774 shares, the short-interest ratio is currently 7.2 days. Currently, 20.7% of the shares of the company are sold short.
A number of analysts have recently weighed in on HK shares. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Halcon Resources Corp in a research note on Friday, May 9th. They now have a $5.50 price target on the stock, up previously from $4.75. Separately, 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. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.36.
Halcon Resources Corp (NYSE:HK) opened at 5.70 on Wednesday. Halcon Resources Corp has a 52 week low of $3.16 and a 52 week high of $6.44. The stock’s 50-day moving average is $5.22 and its 200-day moving average is $4.21. The company’s market cap is $2.397 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 $0.15 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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