Capital One Financial Weighs in on Halcon Resources Corp’s Q2 2019 Earnings (NYSE:HK)

Halcon Resources Corp (NYSE:HK) – Research analysts at Capital One Financial dropped their Q2 2019 EPS estimates for Halcon Resources in a research note issued to investors on Tuesday, June 11th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings of ($0.08) per share for the quarter, down from their prior forecast of $0.02. Capital One Financial also issued estimates for Halcon Resources’ Q3 2019 earnings at ($0.07) EPS, Q4 2019 earnings at ($0.08) EPS, FY2019 earnings at ($0.24) EPS and FY2020 earnings at ($0.03) EPS.

A number of other research firms have also issued reports on HK. Johnson Rice lowered shares of Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a report on Friday, February 22nd. ValuEngine upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Roth Capital lowered shares of Halcon Resources from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Friday, May 10th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.68.

Shares of HK stock opened at $0.19 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.72. Halcon Resources has a one year low of $0.19 and a one year high of $4.90. The company has a market capitalization of $31.92 million, a PE ratio of -3.81 and a beta of 4.17.

Halcon Resources (NYSE:HK) last issued its quarterly earnings data on Thursday, May 9th. The energy company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.08. Halcon Resources had a negative net margin of 125.62% and a negative return on equity of 0.03%. The firm had revenue of $51.92 million for the quarter, compared to analyst estimates of $59.49 million.

Several hedge funds and other institutional investors have recently bought and sold shares of HK. Oaktree Capital Management LP grew its position in Halcon Resources by 805.5% during the 4th quarter. Oaktree Capital Management LP now owns 11,500,000 shares of the energy company’s stock worth $19,550,000 after purchasing an additional 10,230,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Halcon Resources by 29.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,159,837 shares of the energy company’s stock worth $13,872,000 after purchasing an additional 1,870,829 shares during the last quarter. LSP Investment Advisors LLC grew its position in Halcon Resources by 132.3% during the 4th quarter. LSP Investment Advisors LLC now owns 8,039,931 shares of the energy company’s stock worth $13,668,000 after purchasing an additional 4,578,499 shares during the last quarter. JPMorgan Chase & Co. grew its position in Halcon Resources by 2.0% during the 1st quarter. JPMorgan Chase & Co. now owns 4,079,439 shares of the energy company’s stock worth $5,507,000 after purchasing an additional 79,710 shares during the last quarter. Finally, Sound Point Capital Management LP grew its position in Halcon Resources by 29.8% during the 4th quarter. Sound Point Capital Management LP now owns 2,831,580 shares of the energy company’s stock worth $4,814,000 after purchasing an additional 650,000 shares during the last quarter.

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 December 31, 2018, the company held interests in 56,900 net acres in the Delaware Basin, located in Pecos, Reeves, Ward, and Winkler Counties, Texas.

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Earnings History and Estimates for Halcon Resources (NYSE:HK)

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