Halcon Resources Corporation (NYSE:HK) – Capital One Financial Corporation decreased their Q4 2017 earnings per share estimates for Halcon Resources Corporation in a report released on Wednesday. Capital One Financial Corporation analyst B. Velie now expects that the energy company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.02. Capital One Financial Corporation also issued estimates for Halcon Resources Corporation’s FY2018 earnings at $0.06 EPS.

Several other brokerages have also issued reports on HK. ValuEngine raised shares of Halcon Resources Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 23rd. Seaport Global Securities reissued a “buy” rating and set a $10.00 target price on shares of Halcon Resources Corporation in a research note on Tuesday, May 23rd. Scotiabank set a $12.00 target price on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Zacks Investment Research raised shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Imperial Capital began coverage on shares of Halcon Resources Corporation in a research note on Tuesday, August 1st. They set an “outperform” rating and a $9.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $9.41.

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Shares of Halcon Resources Corporation (HK) opened at 6.20 on Friday. The company’s 50 day moving average is $6.32 and its 200-day moving average is $6.52. The firm has a market capitalization of $889.97 million, a price-to-earnings ratio of 1.46 and a beta of 3.95. Halcon Resources Corporation has a one year low of $3.68 and a one year high of $12.01.

In other news, Director Sylvia K. Barnes bought 20,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was bought at an average price of $5.34 per share, for a total transaction of $106,800.00. Following the completion of the acquisition, the director now directly owns 23,757 shares in the company, valued at approximately $126,862.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Franklin Resources Inc sold 746,173 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $6.07, for a total transaction of $4,529,270.11. The disclosure for this sale can be found here. Insiders sold 2,530,972 shares of company stock worth $15,462,982 over the last ninety days. Insiders own 53.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in HK. Clinton Group Inc. purchased a new stake in shares of Halcon Resources Corporation in the first quarter valued at about $119,000. Voya Investment Management LLC purchased a new stake in shares of Halcon Resources Corporation in the second quarter valued at about $121,000. Cubist Systematic Strategies LLC raised its holdings in shares of Halcon Resources Corporation by 107.1% in the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after purchasing an additional 14,864 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Halcon Resources Corporation in the first quarter valued at about $140,000. Finally, Nationwide Fund Advisors purchased a new stake in shares of Halcon Resources Corporation in the second quarter valued at about $160,000. Institutional investors own 91.57% of the company’s stock.

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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