Halcon Resources Co. (NYSE:HK) – Analysts at Capital One Financial lowered their Q1 2018 EPS estimates for Halcon Resources in a report released on Thursday, April 12th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.02. Capital One Financial also issued estimates for Halcon Resources’ Q2 2018 earnings at $0.01 EPS and FY2018 earnings at $0.13 EPS.
Halcon Resources (NYSE:HK) last released its quarterly earnings data on Wednesday, February 28th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The company had revenue of $25.28 million during the quarter, compared to the consensus estimate of $27.11 million. Halcon Resources had a net margin of 141.73% and a negative return on equity of 2.12%. The business’s revenue was down 80.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Bank of America decreased their price target on shares of Halcon Resources from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Stephens restated a “buy” rating and set a $13.00 price target on shares of Halcon Resources in a research note on Monday, February 26th. Roth Capital set a $13.00 price target on shares of Halcon Resources and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, TheStreet lowered shares of Halcon Resources from a “c-” rating to a “d+” rating in a research note on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Halcon Resources currently has an average rating of “Hold” and an average target price of $10.29.
NYSE:HK opened at $5.33 on Friday. The firm has a market capitalization of $842.09, a PE ratio of -35.53 and a beta of 3.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.14 and a quick ratio of 3.14. Halcon Resources has a twelve month low of $3.68 and a twelve month high of $9.07.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Alambic Investment Management L.P. bought a new stake in shares of Halcon Resources in the 4th quarter worth $104,000. Virtu Financial LLC bought a new stake in shares of Halcon Resources in the 4th quarter worth $121,000. Gotham Asset Management LLC bought a new stake in shares of Halcon Resources in the 4th quarter worth $124,000. Paloma Partners Management Co bought a new stake in shares of Halcon Resources in the 4th quarter worth $131,000. Finally, Jane Street Group LLC bought a new stake in shares of Halcon Resources in the 4th quarter worth $138,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
In other news, Director Ares Management Llc bought 1,113,466 shares of Halcon Resources stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $6.90 per share, for a total transaction of $7,682,915.40. Following the purchase, the director now directly owns 53,114 shares in the company, valued at approximately $366,486.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Franklin Resources Inc sold 800,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $8.57, for a total transaction of $6,856,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,170,466 shares of company stock valued at $7,982,275 and have sold 3,077,571 shares valued at $25,897,034. Insiders own 53.90% of the company’s stock.
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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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