Halcon Resources Corporation (NYSE:HK) had its price objective raised by Bank of America Corporation from $8.00 to $9.00 in a report released on Friday morning. They currently have a neutral rating on the energy company’s stock.
A number of other equities analysts have also recently weighed in on HK. Imperial Capital started coverage on Halcon Resources Corporation in a report on Tuesday, August 1st. They issued an outperform rating and a $9.00 price target for the company. Zacks Investment Research raised Halcon Resources Corporation from a sell rating to a hold rating in a report on Wednesday, November 8th. Barclays PLC raised Halcon Resources Corporation from an underweight rating to an equal weight rating and upped their price target for the stock from $5.00 to $8.00 in a report on Thursday, July 13th. ValuEngine cut Halcon Resources Corporation from a buy rating to a hold rating in a report on Friday, September 1st. Finally, Johnson Rice raised Halcon Resources Corporation from an accumulate rating to a buy rating in a report on Wednesday, October 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $9.88.
Shares of Halcon Resources Corporation (NYSE HK) traded down $0.18 during mid-day trading on Friday, hitting $6.91. The stock had a trading volume of 1,363,190 shares, compared to its average volume of 2,501,703. The firm has a market cap of $1,014.26, a PE ratio of 10.27 and a beta of 4.01. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.35. Halcon Resources Corporation has a fifty-two week low of $3.68 and a fifty-two week high of $11.29.
Halcon Resources Corporation (NYSE:HK) last issued its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). The company had revenue of $96.95 million during the quarter, compared to analyst estimates of $97.34 million. Halcon Resources Corporation had a net margin of 124.30% and a return on equity of 8.76%. Halcon Resources Corporation’s revenue was up 319.6% on a year-over-year basis. research analysts expect that Halcon Resources Corporation will post 0.07 EPS for the current year.
In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 1,650,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $6.24, for a total transaction of $10,296,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 9,767,835 shares of company stock valued at $62,958,415. 53.90% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of HK. Anchor Bolt Capital LP purchased a new stake in shares of Halcon Resources Corporation in the third quarter valued at approximately $27,585,000. Boston Partners grew its position in shares of Halcon Resources Corporation by 1,388.1% in the second quarter. Boston Partners now owns 3,863,260 shares of the energy company’s stock valued at $17,539,000 after purchasing an additional 3,603,645 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Halcon Resources Corporation by 113.7% in the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after purchasing an additional 1,753,923 shares in the last quarter. Senvest Management LLC purchased a new stake in shares of Halcon Resources Corporation in the third quarter valued at approximately $10,098,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Halcon Resources Corporation in the third quarter valued at approximately $8,515,000. Institutional investors and hedge funds own 89.40% of the company’s stock.
About Halcon Resources Corporation
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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