Equities research analysts forecast that Halcon Resources Corp (NYSE:HK) will report ($0.04) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Halcon Resources’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.01). 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 66.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Halcon Resources will report full year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.05) to ($0.02). For the next year, analysts anticipate that the business will post earnings of $0.16 per share, with EPS estimates ranging from ($0.06) to $0.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Halcon Resources had a negative return on equity of 1.04% and a negative net margin of 101.20%. The firm had revenue of $61.60 million during the quarter, compared to analyst estimates of $58.33 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The company’s quarterly revenue was down 36.5% on a year-over-year basis.
A number of equities analysts recently commented on the company. ValuEngine upgraded Halcon Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Imperial Capital decreased their target price on Halcon Resources from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, August 3rd. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Bank of America decreased their target price on Halcon Resources from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. initiated coverage on Halcon Resources in a research report on Wednesday, July 25th. They set a “neutral” rating and a $6.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $7.54.
In other Halcon Resources news, Director Ares Management Llc sold 986,276 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $3.82, for a total transaction of $3,767,574.32. Following the completion of the sale, the director now owns 86,857 shares of the company’s stock, valued at $331,793.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. AMP Capital Investors Ltd bought a new stake in shares of Halcon Resources in the second quarter valued at approximately $101,000. Laurion Capital Management LP bought a new stake in shares of Halcon Resources in the second quarter valued at approximately $107,000. California Public Employees Retirement System bought a new stake in shares of Halcon Resources in the second quarter valued at approximately $168,000. Guggenheim Capital LLC boosted its position in shares of Halcon Resources by 111.3% in the first quarter. Guggenheim Capital LLC now owns 54,095 shares of the energy company’s stock valued at $264,000 after acquiring an additional 28,497 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Halcon Resources in the second quarter valued at approximately $274,000.
NYSE:HK traded down $0.17 during mid-day trading on Friday, reaching $3.31. The stock had a trading volume of 3,683,631 shares, compared to its average volume of 5,088,373. Halcon Resources has a fifty-two week low of $3.02 and a fifty-two week high of $9.07. The company has a market capitalization of $613.70 million, a P/E ratio of -22.07 and a beta of 4.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 0.87.
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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