Equities Analysts Offer Predictions for Halcon Resources Corporation’s FY2017 Earnings (HK)
Halcon Resources Corporation (NYSE:HK) – Research analysts at Seaport Global Securities issued their FY2017 earnings per share estimates for Halcon Resources in a research report issued on Tuesday. Seaport Global Securities analyst M. Kelly expects that the energy company will post earnings of ($0.02) per share for the year. Seaport Global Securities currently has a “Buy” rating and a $8.00 target price on the stock.
Several other equities analysts also recently issued reports on the company. Roth Capital set a $9.00 target price on Halcon Resources and gave the company a “buy” rating in a research report on Friday, October 20th. Johnson Rice raised Halcon Resources from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, ValuEngine downgraded Halcon Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.57.
Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The business had revenue of $96.95 million for the quarter, compared to analyst estimates of $97.34 million. Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The firm’s revenue was up 319.6% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of the business. GSA Capital Partners LLP boosted its holdings in Halcon Resources by 357.0% in the third quarter. GSA Capital Partners LLP now owns 287,740 shares of the energy company’s stock valued at $1,957,000 after purchasing an additional 224,774 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Halcon Resources by 35.8% in the third quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock valued at $265,000 after purchasing an additional 10,295 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in Halcon Resources in the third quarter valued at $2,512,000. Anchor Bolt Capital LP purchased a new stake in Halcon Resources in the third quarter valued at $27,585,000. Finally, Senvest Management LLC purchased a new stake in Halcon Resources in the third quarter valued at $10,098,000. 94.28% of the stock is currently owned by institutional investors.
In other Halcon Resources news, major shareholder Franklin Resources Inc sold 334,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $7.71, for a total value of $2,575,140.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 8,105,017 shares of company stock worth $54,241,652. 53.90% of the stock is owned by insiders.
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About Halcon Resources
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.
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