Halcon Resources (NYSE:HK) is set to issue its quarterly earnings data after the market closes on Wednesday, February 28th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
Shares of Halcon Resources (HK) opened at $6.62 on Wednesday. The stock has a market capitalization of $1,070.00, a P/E ratio of 1.65 and a beta of 3.97. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.35. Halcon Resources has a 12-month low of $3.68 and a 12-month high of $9.50.
In other news, major shareholder Franklin Resources Inc sold 198,357 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $6.97, for a total value of $1,382,548.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ares Management Llc acquired 1,113,466 shares of Halcon Resources stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $6.90 per share, with a total value of $7,682,915.40. Following the completion of the transaction, the director now directly owns 53,114 shares of the company’s stock, valued at approximately $366,486.60. The disclosure for this purchase can be found here. Insiders have sold 5,947,483 shares of company stock valued at $48,099,886 in the last ninety days. Company insiders own 53.90% of the company’s stock.
HK has been the subject of a number of recent analyst reports. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America upped their target price on Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. ValuEngine cut Halcon Resources from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Roth Capital set a $13.00 target price on Halcon Resources and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Two investment 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 stock presently has a consensus rating of “Hold” and a consensus price target of $9.83.
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About Halcon Resources
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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