Wall Street analysts predict that Halcon Resources Corp (NYSE:HK) will report ($0.06) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Halcon Resources’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.16). Halcon Resources reported earnings per share of ($0.12) in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The company is expected to announce its next quarterly earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Halcon Resources will report full-year earnings of ($0.08) per share for the current year, with EPS estimates ranging from ($0.12) to ($0.04). For the next financial year, analysts expect that the company will post earnings of $0.01 per share, with EPS estimates ranging from ($0.16) to $0.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Halcon Resources.
Halcon Resources (NYSE:HK) last released its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $61.60 million during the quarter, compared to the consensus estimate of $58.33 million. Halcon Resources had a negative net margin of 101.20% and a negative return on equity of 1.05%. The business’s revenue was down 36.5% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share.
Several equities analysts recently issued reports on HK shares. Zacks Investment Research raised Halcon Resources from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective on the stock in a research report on Wednesday, October 3rd. ValuEngine cut Halcon Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Imperial Capital set a $6.00 price target on Halcon Resources and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. cut Halcon Resources from a “neutral” rating to an “underweight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.54.
HK stock traded down $0.05 during midday trading on Monday, hitting $2.56. The company’s stock had a trading volume of 4,771,569 shares, compared to its average volume of 4,827,466. Halcon Resources has a 12 month low of $2.44 and a 12 month high of $9.07. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.64.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HK. Luminus Management LLC increased its stake in shares of Halcon Resources by 44.4% in the 3rd quarter. Luminus Management LLC now owns 3,546,629 shares of the energy company’s stock worth $15,853,000 after purchasing an additional 1,089,929 shares in the last quarter. Meghalaya Partners L.P. increased its stake in shares of Halcon Resources by 26.0% in the 3rd quarter. Meghalaya Partners L.P. now owns 3,151,230 shares of the energy company’s stock worth $14,086,000 after purchasing an additional 651,230 shares in the last quarter. MetLife Investment Advisors LLC increased its stake in shares of Halcon Resources by 57.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 100,658 shares of the energy company’s stock worth $450,000 after purchasing an additional 36,902 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Halcon Resources by 287.0% in the 3rd quarter. Jane Street Group LLC now owns 64,151 shares of the energy company’s stock worth $287,000 after purchasing an additional 47,574 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Halcon Resources by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,986,822 shares of the energy company’s stock worth $17,821,000 after purchasing an additional 324,836 shares in the last quarter.
About Halcon Resources
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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