Halcon Resources Corporation (NYSE:HK) had its price target boosted by Bank of America Corporation from $8.00 to $9.00 in a research note issued to investors on Friday. They currently have a neutral rating on the energy company’s stock.
A number of other research firms have also recently commented on HK. Barclays PLC raised Halcon Resources Corporation from an underweight rating to an equal weight rating and raised their price target for the company from $5.00 to $8.00 in a report on Thursday, July 13th. Imperial Capital began coverage on Halcon Resources Corporation in a report on Tuesday, August 1st. They set an outperform rating and a $9.00 price target on the stock. Roth Capital set a $9.00 price target on Halcon Resources Corporation and gave the company a buy rating in a report on Tuesday, August 1st. Zacks Investment Research cut Halcon Resources Corporation from a hold rating to a sell rating in a report on Thursday, August 3rd. Finally, BidaskClub raised Halcon Resources Corporation from a sell rating to a hold rating in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $9.88.
Halcon Resources Corporation (NYSE HK) traded up $0.09 during midday trading on Friday, reaching $6.78. The company had a trading volume of 3,372,800 shares, compared to its average volume of 2,906,690. The stock has a market capitalization of $1,014.26, a P/E ratio of 10.27 and a beta of 4.01. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.49. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $11.29.
Halcon Resources Corporation (NYSE:HK) last released its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). The company had revenue of $96.95 million for the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources Corporation had a net margin of 124.30% and a return on equity of 11.51%. The company’s revenue was up 319.6% compared to the same quarter last year. sell-side analysts anticipate that Halcon Resources Corporation will post 0.07 earnings per share for the current fiscal year.
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In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 175,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $7.07, for a total transaction of $1,237,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 9,698,219 shares of company stock worth $62,265,549 over the last three months. 53.90% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the business. Boston Partners boosted its holdings 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 during the period. Vanguard Group Inc. boosted its holdings 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 during the period. State Street Corp boosted its holdings in shares of Halcon Resources Corporation by 5,676.2% in the second quarter. State Street Corp now owns 1,226,470 shares of the energy company’s stock valued at $5,567,000 after purchasing an additional 1,205,237 shares during the period. Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Halcon Resources Corporation in the second quarter valued at approximately $4,404,000. Finally, Citadel Advisors LLC lifted its holdings in Halcon Resources Corporation by 35.6% during the second quarter. Citadel Advisors LLC now owns 2,905,894 shares of the energy company’s stock worth $13,193,000 after buying an additional 763,581 shares during the period. Institutional investors and hedge funds own 91.44% 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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