Halcon Resources Corp Receives Average Rating of “Hold” from Brokerages (NYSE:HK)
Shares of Halcon Resources Corp (NYSE:HK) have been given a consensus rating of “Hold” by the twenty-two brokerages that are currently covering the company, AnalystRatings.Net reports. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.02.
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 Friday, June 27th. They now have a $8.00 price target on the stock, up previously from $5.50. Separately, analysts at Miller Tabak initiated coverage on shares of Halcon Resources Corp in a research note on Wednesday, June 25th. They set a “buy” rating and a $9.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Halcon Resources Corp from $7.00 to $9.00 in a research note on Monday, June 23rd.
Shares of Halcon Resources Corp (NYSE:HK) traded up 1.88% during mid-day trading on Monday, hitting $6.7445. The stock had a trading volume of 996,952 shares. Halcon Resources Corp has a 1-year low of $3.16 and a 1-year high of $7.50. The stock’s 50-day moving average is $6.75 and its 200-day moving average is $4.9. The company’s market cap is $2.836 billion. Halcon Resources Corp also was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 52,675,007 shares, a decline of 5.2% from the June 13th total of 55,555,349 shares. Approximately 18.4% of the company’s stock are short sold. Based on an average trading volume of 7,256,083 shares, the days-to-cover ratio is currently 7.3 days.
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 $0.17 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.