Halcon Resources Corporation (NYSE:HK) has been assigned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $9.88.
Several research firms recently weighed in on HK. Zacks Investment Research lowered shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Bank of America Corporation increased their price target on shares of Halcon Resources Corporation from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Roth Capital set a $9.00 price target on shares of Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Imperial Capital began coverage on shares of Halcon Resources Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price target for the company. Finally, ValuEngine lowered shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
Halcon Resources Corporation (NYSE HK) traded up $0.40 during midday trading on Friday, hitting $7.04. 2,519,273 shares of the stock traded hands, compared to its average volume of 3,008,185. Halcon Resources Corporation has a 12-month low of $3.68 and a 12-month high of $11.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.91 and a current ratio of 1.91. The company has a market cap of $1,053.16, a price-to-earnings ratio of 10.67 and a beta of 4.01.
Halcon Resources Corporation (NYSE:HK) last posted its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). Halcon Resources Corporation had a return on equity of 8.76% and a net margin of 124.30%. The firm had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. The company’s revenue for the quarter was up 319.6% on a year-over-year basis. equities analysts forecast that Halcon Resources Corporation will post 0.03 EPS for the current fiscal year.
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In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 1,650,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $6.24, for a total transaction of $10,296,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 10,988,137 shares of company stock worth $71,607,512. Insiders own 53.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HK. Bank of New York Mellon Corp purchased a new stake in Halcon Resources Corporation during the first quarter valued at about $174,000. Vanguard Group Inc. lifted its holdings in shares of Halcon Resources Corporation by 25.6% in the first quarter. Vanguard Group Inc. now owns 1,542,196 shares of the energy company’s stock worth $11,875,000 after buying an additional 314,072 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Halcon Resources Corporation in the first quarter worth about $1,836,000. Bank of Montreal Can lifted its holdings in shares of Halcon Resources Corporation by 41.3% in the second quarter. Bank of Montreal Can now owns 251,454 shares of the energy company’s stock worth $1,141,000 after buying an additional 73,454 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Halcon Resources Corporation in the second quarter worth about $4,404,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.
Halcon Resources Corporation 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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