Halcon Resources Corporation (NYSE:HK) – Equities research analysts at Capital One Financial issued their Q1 2018 earnings estimates for shares of Halcon Resources in a research report issued on Tuesday. Capital One Financial analyst B. Velie forecasts that the energy company will earn $0.03 per share for the quarter.
Halcon Resources (NYSE:HK) last posted its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The business had revenue of $96.95 million during the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The company’s revenue for the quarter was up 319.6% compared to the same quarter last year.
Halcon Resources (NYSE HK) opened at $7.57 on Wednesday. The firm has a market cap of $1,114.49, a PE ratio of 11.29 and a beta of 3.97. 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 $9.61.
In other Halcon Resources news, major shareholder Franklin Resources Inc sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $7.70, for a total value of $54,670.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 8,622,300 shares of company stock valued at $66,181,634. Corporate insiders own 53.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Alambic Investment Management L.P. purchased a new position in Halcon Resources in the 4th quarter worth approximately $104,000. Amalgamated Bank bought a new stake in shares of Halcon Resources in the 3rd quarter worth approximately $109,000. Voya Investment Management LLC bought a new stake in shares of Halcon Resources in the 2nd quarter worth approximately $121,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Halcon Resources by 107.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after acquiring an additional 14,864 shares during the last quarter. Finally, Nationwide Fund Advisors bought a new stake in shares of Halcon Resources in the 2nd quarter worth approximately $160,000. 94.31% of the stock is owned by institutional investors and hedge funds.
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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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