FY2018 EPS Estimates for Halcon Resources Corporation Boosted by Analyst (HK)

Halcon Resources Corporation (NYSE:HK) – Capital One Financial raised their FY2018 EPS estimates for shares of Halcon Resources in a research report issued on Tuesday. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $0.27 per share for the year, up from their previous estimate of $0.05.

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

Several other brokerages have also recently issued reports on HK. Roth Capital set a $13.00 price objective on Halcon Resources and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut Halcon Resources from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. ValuEngine cut Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Bank of America reduced their price objective on Halcon Resources from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, TheStreet upgraded Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Halcon Resources has a consensus rating of “Hold” and a consensus price target of $9.83.

Shares of Halcon Resources (NYSE:HK) traded down $0.18 on Thursday, reaching $6.68. The company had a trading volume of 2,368,573 shares, compared to its average volume of 3,087,983. Halcon Resources has a 52-week low of $3.68 and a 52-week high of $9.61. The company has a market capitalization of $1,131.01, a PE ratio of 1.68 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.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 1,012,581 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.53, for a total value of $8,637,315.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 8,622,300 shares of company stock worth $66,181,634 over the last quarter. 53.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. bought a new stake in shares of Halcon Resources during the second quarter valued at about $472,000. Bank of New York Mellon Corp grew its holdings in Halcon Resources by 824.9% during the second quarter. Bank of New York Mellon Corp now owns 208,640 shares of the energy company’s stock worth $947,000 after acquiring an additional 186,081 shares during the period. Swiss National Bank acquired a new position in Halcon Resources during the second quarter worth about $281,000. Alliancebernstein L.P. grew its holdings in Halcon Resources by 59.8% during the second quarter. Alliancebernstein L.P. now owns 442,678 shares of the energy company’s stock worth $2,010,000 after acquiring an additional 165,651 shares during the period. Finally, Teachers Advisors LLC acquired a new position in Halcon Resources during the second quarter worth about $491,000. Institutional investors own 94.31% of the company’s stock.

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Halcon Resources 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.

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