Halcon Resources Corporation (NYSE:HK) – Imperial Capital cut their FY2018 earnings estimates for shares of Halcon Resources Corporation in a research report issued on Friday. Imperial Capital analyst J. Wangler now expects that the energy company will earn $0.27 per share for the year, down from their prior forecast of $0.37. Imperial Capital has a “Outperform” rating and a $9.00 price target on the stock.

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A number of other brokerages have also recently issued reports on HK. ValuEngine cut shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reiterated a “sell” rating and issued a $5.00 price target on shares of Halcon Resources Corporation in a research note on Friday, July 7th. Roth Capital set a $14.00 price target on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $10.00 price target on shares of Halcon Resources Corporation in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.41.

Shares of Halcon Resources Corporation (HK) opened at 6.34 on Monday. The stock has a 50 day moving average of $5.45 and a 200 day moving average of $7.02. Halcon Resources Corporation has a one year low of $3.68 and a one year high of $13.85. The stock has a market cap of $951.64 million, a P/E ratio of 0.90 and a beta of 3.99.

Institutional investors have recently bought and sold shares of the stock. Clinton Group Inc. bought a new position in Halcon Resources Corporation during the first quarter valued at about $119,000. Dynamic Technology Lab Private Ltd acquired a new stake in Halcon Resources Corporation during the first quarter valued at approximately $140,000. Sanders Morris Harris Inc. acquired a new stake in Halcon Resources Corporation during the first quarter valued at approximately $159,000. Bank of New York Mellon Corp acquired a new stake in Halcon Resources Corporation during the first quarter valued at approximately $174,000. Finally, Texas Yale Capital Corp. acquired a new stake in Halcon Resources Corporation during the first quarter valued at approximately $197,000. Institutional investors and hedge funds own 78.62% of the company’s stock.

In related news, Director Sylvia K. Barnes bought 20,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of $5.34 per share, for a total transaction of $106,800.00. Following the purchase, the director now owns 23,757 shares of the company’s stock, valued at $126,862.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Franklin Resources Inc sold 31,341 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $6.73, for a total transaction of $210,924.93. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Halcon Resources Corporation Company Profile

Halcon Resources Corporation 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. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.

Earnings History and Estimates for Halcon Resources Corporation (NYSE:HK)

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