Halcon Resources Corporation (NYSE:HK) – Investment analysts at Capital One Financial Corporation lowered their FY2017 EPS estimates for shares of Halcon Resources Corporation in a research note issued on Wednesday. Capital One Financial Corporation analyst B. Velie now expects that the energy company will post earnings of $0.08 per share for the year, down from their prior forecast of $0.11.
A number of other research firms have also commented on HK. ValuEngine upgraded Halcon Resources Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 23rd. Seaport Global Securities reiterated a “buy” rating and issued a $10.00 price target on shares of Halcon Resources Corporation in a research report on Tuesday, May 23rd. Scotiabank set a $12.00 price target on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Roth Capital set a $9.00 price target on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $9.41.
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Halcon Resources Corporation (HK) opened at 5.92 on Monday. The firm’s 50-day moving average price is $6.29 and its 200-day moving average price is $6.51. The company has a market cap of $849.78 million, a PE ratio of 1.39 and a beta of 3.95. Halcon Resources Corporation has a one year low of $3.68 and a one year high of $12.01.
In other Halcon Resources Corporation news, Director Sylvia K. Barnes bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average price of $5.34 per share, for a total transaction of $106,800.00. Following the transaction, the director now directly owns 23,757 shares in the company, valued at $126,862.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Franklin Resources Inc sold 746,173 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $6.07, for a total value of $4,529,270.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,530,972 shares of company stock worth $15,462,982. 53.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Cannell Capital LLC raised its stake in Halcon Resources Corporation by 1.5% during the 1st quarter. Cannell Capital LLC now owns 260,998 shares of the energy company’s stock worth $2,010,000 after buying an additional 3,890 shares during the period. Koch Industries Inc. raised its stake in Halcon Resources Corporation by 45.0% during the 1st quarter. Koch Industries Inc. now owns 28,754 shares of the energy company’s stock worth $221,000 after buying an additional 8,920 shares during the period. Trexquant Investment LP raised its stake in Halcon Resources Corporation by 33.2% during the 1st quarter. Trexquant Investment LP now owns 54,809 shares of the energy company’s stock worth $422,000 after buying an additional 13,660 shares during the period. Jane Street Group LLC raised its stake in Halcon Resources Corporation by 133.6% during the 1st quarter. Jane Street Group LLC now owns 25,616 shares of the energy company’s stock worth $197,000 after buying an additional 14,648 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in Halcon Resources Corporation by 107.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after buying an additional 14,864 shares during the period. 91.57% of the stock is currently owned by institutional investors and hedge funds.
Halcon Resources Corporation Company Profile
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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