Halcon Resources Co. (NYSE:HK) – Equities researchers at Imperial Capital issued their Q1 2018 earnings estimates for shares of Halcon Resources in a research note issued to investors on Monday. Imperial Capital analyst J. Wangler anticipates that the energy company will post earnings of $0.01 per share for the quarter. Imperial Capital also issued estimates for Halcon Resources’ Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.16 EPS and FY2019 earnings at $0.58 EPS.
A number of other equities analysts have also weighed in on the stock. Bank of America lowered their price objective on shares of Halcon Resources from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Zacks Investment Research lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Roth Capital set a $13.00 price objective on shares of Halcon Resources and gave the company a “buy” rating in a research report on Tuesday, January 16th. ValuEngine lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, TheStreet upgraded shares of Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.83.
In other Halcon Resources news, major shareholder Franklin Resources Inc sold 1,400,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $6.58, for a total transaction of $9,212,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 7,647,483 shares of company stock worth $59,399,886 over the last 90 days. Insiders own 53.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Halcon Resources by 2.8% during the 4th quarter. BlackRock Inc. now owns 10,515,424 shares of the energy company’s stock worth $79,603,000 after purchasing an additional 283,008 shares in the last quarter. Anchor Bolt Capital LP acquired a new position in shares of Halcon Resources during the 3rd quarter worth $27,585,000. Vanguard Group Inc. raised its stake in shares of Halcon Resources by 113.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after buying an additional 1,753,923 shares during the last quarter. Senvest Management LLC acquired a new position in shares of Halcon Resources during the 3rd quarter worth $10,098,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Halcon Resources during the 3rd quarter worth $8,515,000. Institutional investors own 94.45% 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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