Halcon Resources Co. (NYSE:HK) – Equities research analysts at Capital One Financial issued their Q2 2018 earnings per share estimates for Halcon Resources in a report issued on Monday. Capital One Financial analyst B. Velie forecasts that the energy company will earn $0.06 per share for the quarter. Capital One Financial also issued estimates for Halcon Resources’ Q3 2018 earnings at $0.05 EPS and Q4 2018 earnings at $0.08 EPS.
A number of other analysts have also commented on HK. Bank of America assumed coverage on Halcon Resources in a research report on Monday, October 16th. They issued a “neutral” rating for the company. Seaport Global Securities raised Halcon Resources from a “neutral” rating to a “buy” rating and boosted their target price for the company from $7.00 to $8.00 in a research report on Tuesday, October 17th. Johnson Rice raised Halcon Resources from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered Halcon Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.83.
A number of institutional investors and hedge funds have recently modified their holdings of the business. D L Carlson Investment Group Inc. bought a new stake in Halcon Resources during the 4th quarter worth approximately $1,823,000. Arrowstreet Capital Limited Partnership bought a new stake in Halcon Resources during the 4th quarter worth approximately $5,397,000. TCW Group Inc. bought a new stake in Halcon Resources during the 4th quarter worth approximately $523,000. Systematic Financial Management LP bought a new stake in Halcon Resources during the 4th quarter worth approximately $2,116,000. Finally, Virtu Financial LLC bought a new stake in Halcon Resources during the 4th quarter worth approximately $121,000. 94.45% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Franklin Resources Inc sold 1,400,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $6.58, for a total value of $9,212,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 7,647,483 shares of company stock valued at $59,399,886 over the last ninety days. 53.90% of the stock is currently owned by corporate insiders.
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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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