Halcon Resources Corporation (NYSE:HK) – Investment analysts at Seaport Global Securities lowered their Q4 2017 earnings per share (EPS) estimates for Halcon Resources Corporation in a research report issued to clients and investors on Friday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will earn $0.08 per share for the quarter, down from their prior estimate of $0.09. Seaport Global Securities has a “Neutral” rating and a $4.00 price objective on the stock. Seaport Global Securities also issued estimates for Halcon Resources Corporation’s Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.09 EPS and Q4 2018 earnings at $0.11 EPS.

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Several other research analysts have also issued reports on HK. Barclays PLC restated an “underweight” rating and set a $8.00 price target (down previously from $9.00) on shares of Halcon Resources Corporation in a report on Saturday, April 22nd. Roth Capital set a $14.00 price target on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Scotiabank set a $12.00 price target on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a report on Tuesday, May 16th. Finally, ValuEngine upgraded shares of Halcon Resources Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Halcon Resources Corporation currently has an average rating of “Hold” and an average target price of $9.41.

Shares of Halcon Resources Corporation (HK) opened at 6.45 on Monday. Halcon Resources Corporation has a 1-year low of $3.68 and a 1-year high of $13.85. The company’s 50 day moving average is $5.83 and its 200-day moving average is $6.91. The company has a market capitalization of $925.86 million, a P/E ratio of 1.52 and a beta of 3.99.

In related news, major shareholder Franklin Resources Inc sold 746,173 shares of Halcon Resources Corporation stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $6.07, for a total value of $4,529,270.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darryl Schall purchased 10,000 shares of Halcon Resources Corporation stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $6.25 per share, with a total value of $62,500.00. Following the transaction, the director now owns 35,589 shares in the company, valued at approximately $222,431.25. The disclosure for this purchase can be found here. Insiders own 2.80% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. acquired a new stake in Halcon Resources Corporation during the fourth quarter valued at about $673,000. Highbridge Capital Management LLC acquired a new stake in Halcon Resources Corporation during the fourth quarter valued at about $240,000. Bank of Montreal Can acquired a new stake in Halcon Resources Corporation during the first quarter valued at about $1,371,000. Sanders Morris Harris Inc. acquired a new stake in Halcon Resources Corporation during the first quarter valued at about $159,000. Finally, Acadian Asset Management LLC increased its stake in Halcon Resources Corporation by 40.5% in the first quarter. Acadian Asset Management LLC now owns 162,043 shares of the energy company’s stock valued at $1,247,000 after buying an additional 46,729 shares during the last quarter. 81.45% of the stock is owned by institutional investors and hedge funds.

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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