Wall Street analysts predict that Halcon Resources Corporation (NYSE:HK) will post earnings per share of ($0.03) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Halcon Resources’ earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.04). Halcon Resources posted earnings of $0.66 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 104.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Halcon Resources will report full year earnings of ($0.03) per share for the current financial year, with EPS estimates ranging from ($0.03) to ($0.02). For the next fiscal year, analysts expect that the business will report earnings of $0.17 per share, with EPS estimates ranging from $0.05 to $0.22. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Halcon Resources.

Halcon Resources (NYSE:HK) last posted its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.11). Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The firm had revenue of $96.95 million for the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources’s quarterly revenue was up 319.6% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Bank of America assumed coverage on shares of Halcon Resources in a research note on Monday, October 16th. They set a “neutral” rating on the stock. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Johnson Rice raised shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Roth Capital set a $9.00 price target on shares of Halcon Resources and gave the stock a “buy” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $9.57.

Halcon Resources (HK) traded up $0.54 during mid-day trading on Monday, hitting $8.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. Halcon Resources has a 12-month low of $3.68 and a 12-month high of $10.30. The stock has a market cap of $1,280.00, a PE ratio of 2.13 and a beta of 4.04.

In related news, major shareholder Franklin Resources Inc sold 7,100 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $7.70, for a total transaction of $54,670.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 8,194,729 shares of company stock valued at $57,560,601. Insiders own 53.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. acquired a new stake in Halcon Resources in the 2nd quarter valued at about $472,000. Vanguard Group Inc. raised its holdings in Halcon Resources by 113.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after acquiring an additional 1,753,923 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Halcon Resources in the 2nd quarter valued at about $1,496,000. Vident Investment Advisory LLC acquired a new stake in Halcon Resources in the 3rd quarter valued at about $2,512,000. Finally, Bank of New York Mellon Corp raised its holdings in Halcon Resources by 824.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 208,640 shares of the energy company’s stock valued at $947,000 after acquiring an additional 186,081 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

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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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