-$0.04 EPS Expected for Halcon Resources Corp (HK) This Quarter

Wall Street brokerages expect Halcon Resources Corp (NYSE:HK) to post ($0.04) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Halcon Resources’ earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.01). Halcon Resources posted earnings per share of ($0.12) in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The company is scheduled to announce its next earnings results on Wednesday, February 27th.

On average, analysts expect that Halcon Resources will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.05) to ($0.02). For the next fiscal year, analysts anticipate that the company will post earnings of $0.16 per share, with EPS estimates ranging from ($0.06) to $0.42. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Halcon Resources.

Halcon Resources (NYSE:HK) last released its earnings results on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). Halcon Resources had a negative return on equity of 1.04% and a negative net margin of 101.20%. The firm had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $58.33 million. During the same period in the prior year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was down 36.5% compared to the same quarter last year.

A number of equities analysts have recently commented on HK shares. Imperial Capital set a $6.00 price target on Halcon Resources and gave the stock a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research raised Halcon Resources from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Wednesday, October 24th. ValuEngine raised Halcon Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Bank of America cut their price target on Halcon Resources from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. started coverage on Halcon Resources in a report on Wednesday, July 25th. They issued a “neutral” rating and a $6.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Halcon Resources has a consensus rating of “Hold” and a consensus target price of $7.54.

Shares of Halcon Resources stock traded down $0.17 during trading hours on Friday, reaching $3.31. The company had a trading volume of 3,683,631 shares, compared to its average volume of 5,088,373. Halcon Resources has a one year low of $3.02 and a one year high of $9.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $613.70 million, a P/E ratio of -22.07 and a beta of 4.05.

In other news, Director Ares Management Llc sold 986,276 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $3.82, for a total value of $3,767,574.32. Following the completion of the transaction, the director now directly owns 86,857 shares of the company’s stock, valued at $331,793.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Wilks Brothers LLC boosted its stake in Halcon Resources by 31.4% during the third quarter. Wilks Brothers LLC now owns 15,156,067 shares of the energy company’s stock valued at $67,748,000 after buying an additional 3,625,800 shares during the period. BlueMountain Capital Management LLC boosted its stake in Halcon Resources by 5.7% during the second quarter. BlueMountain Capital Management LLC now owns 11,716,112 shares of the energy company’s stock valued at $51,434,000 after buying an additional 635,128 shares during the period. BlackRock Inc. boosted its stake in Halcon Resources by 6.2% during the second quarter. BlackRock Inc. now owns 11,234,185 shares of the energy company’s stock valued at $49,318,000 after buying an additional 658,502 shares during the period. Dimensional Fund Advisors LP boosted its stake in Halcon Resources by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,483,649 shares of the energy company’s stock valued at $24,073,000 after buying an additional 341,304 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Halcon Resources by 8.9% during the third quarter. JPMorgan Chase & Co. now owns 3,986,822 shares of the energy company’s stock valued at $17,821,000 after buying an additional 324,836 shares during the period.

About Halcon Resources

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.

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