Halcon Resources Corp (NYSE:HK) has been given an average rating of “Hold” by the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.54.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Halcon Resources from a “hold” rating to a “strong-buy” rating and set a $5.00 target price on the stock in a research note on Wednesday, October 3rd. Imperial Capital set a $6.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st.
Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP increased its stake in Halcon Resources by 62.5% during the 2nd quarter. First Trust Advisors LP now owns 496,749 shares of the energy company’s stock worth $2,181,000 after buying an additional 190,968 shares during the period. BlackRock Inc. increased its position in shares of Halcon Resources by 6.2% in the 2nd quarter. BlackRock Inc. now owns 11,234,185 shares of the energy company’s stock valued at $49,318,000 after purchasing an additional 658,502 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Halcon Resources in the 2nd quarter valued at approximately $274,000. TCW Group Inc. increased its position in shares of Halcon Resources by 65.6% in the 2nd quarter. TCW Group Inc. now owns 392,100 shares of the energy company’s stock valued at $1,722,000 after purchasing an additional 155,300 shares during the last quarter. Finally, Sanders Morris Harris LLC increased its position in shares of Halcon Resources by 41.9% in the 3rd quarter. Sanders Morris Harris LLC now owns 878,551 shares of the energy company’s stock valued at $3,928,000 after purchasing an additional 259,500 shares during the last quarter.
Shares of Halcon Resources stock traded down $0.10 on Thursday, reaching $2.61. The company had a trading volume of 5,376,453 shares, compared to its average volume of 4,335,951. The company has a market capitalization of $435.41 million, a price-to-earnings ratio of -17.40 and a beta of 4.13. Halcon Resources has a 52-week low of $2.44 and a 52-week high of $9.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.33 and a current ratio of 0.33.
Halcon Resources (NYSE:HK) last released its quarterly earnings results on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $58.33 million. Halcon Resources had a negative net margin of 101.20% and a negative return on equity of 1.05%. Halcon Resources’s revenue was down 36.5% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. Equities analysts expect that Halcon Resources will post -0.05 earnings per share for the current year.
Halcon Resources Company Profile
HalcÃ³n 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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