Capital One Financial Comments on Halcon Resources Corp’s Q1 2019 Earnings (HK)

Halcon Resources Corp (NYSE:HK) – Equities research analysts at Capital One Financial cut their Q1 2019 earnings per share estimates for Halcon Resources in a research note issued on Wednesday, March 13th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of ($0.10) for the quarter, down from their previous forecast of ($0.06). Capital One Financial has a “Underweight” rating on the stock. Capital One Financial also issued estimates for Halcon Resources’ Q2 2019 earnings at ($0.02) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at ($0.02) EPS, FY2019 earnings at ($0.17) EPS and FY2020 earnings at ($0.06) EPS.

A number of other brokerages have also recently issued reports on HK. JPMorgan Chase & Co. cut shares of Halcon Resources from a “neutral” rating to an “underweight” rating in a research note on Friday, December 7th. Seaport Global Securities cut shares of Halcon Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $6.00 to $3.00 in a research note on Monday, December 10th. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Johnson Rice cut shares of Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Friday, February 22nd. Finally, Imperial Capital cut their price objective on shares of Halcon Resources from $6.00 to $3.00 and set an “outperform” rating for the company in a research note on Thursday, December 27th. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.34.

Shares of Halcon Resources stock opened at $1.19 on Monday. Halcon Resources has a 52-week low of $1.17 and a 52-week high of $5.89. The firm has a market capitalization of $205.13 million, a PE ratio of -23.80 and a beta of 3.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.89.

Halcon Resources (NYSE:HK) last announced its quarterly earnings data on Tuesday, March 12th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). Halcon Resources had a net margin of 20.28% and a negative return on equity of 0.65%. The business had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $64.94 million.

A number of large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in Halcon Resources by 116.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,634 shares of the energy company’s stock valued at $38,000 after buying an additional 12,168 shares during the last quarter. United Services Automobile Association raised its holdings in Halcon Resources by 38.3% during the 4th quarter. United Services Automobile Association now owns 45,407 shares of the energy company’s stock valued at $77,000 after buying an additional 12,580 shares during the last quarter. Virtu Financial LLC raised its holdings in Halcon Resources by 102.4% during the 4th quarter. Virtu Financial LLC now owns 42,241 shares of the energy company’s stock valued at $72,000 after buying an additional 21,375 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in Halcon Resources by 57.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 100,658 shares of the energy company’s stock valued at $450,000 after buying an additional 36,902 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Halcon Resources by 395.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 46,694 shares of the energy company’s stock valued at $79,000 after buying an additional 37,264 shares during the last quarter.

About Halcon Resources

Halcón 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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Earnings History and Estimates for Halcon Resources (NYSE:HK)

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