Halcon Resources Co. to Post FY2018 Earnings of $0.22 Per Share, Capital One Financial Forecasts (HK)

Halcon Resources Co. (NYSE:HK) – Research analysts at Capital One Financial dropped their FY2018 EPS estimates for shares of Halcon Resources in a report issued on Monday. Capital One Financial analyst B. Velie now expects that the energy company will post earnings per share of $0.22 for the year, down from their prior estimate of $0.27.

A number of other equities research analysts also recently issued reports on HK. Zacks Investment Research downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Bank of America reduced their price target on shares of Halcon Resources from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Johnson Rice raised shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. Roth Capital set a $13.00 price objective on shares of Halcon Resources and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, ValuEngine cut Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.83.

Halcon Resources (NYSE HK) traded down $0.14 during mid-day trading on Wednesday, hitting $6.91. 1,446,072 shares of the company traded hands, compared to its average volume of 3,301,709. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. Halcon Resources has a fifty-two week low of $3.68 and a fifty-two week high of $9.56. The firm has a market capitalization of $1,086.11, a P/E ratio of 1.73 and a beta of 3.97.

Hedge funds and other institutional investors have recently modified their holdings of the business. Gotham Asset Management LLC bought a new position in shares of Halcon Resources in the 4th quarter worth $124,000. Macquarie Group Ltd. bought a new position in shares of Halcon Resources in the 4th quarter worth $188,000. Vident Investment Advisory LLC raised its position in shares of Halcon Resources by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 393,504 shares of the energy company’s stock worth $2,979,000 after acquiring an additional 24,046 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Halcon Resources in the 4th quarter worth $138,000. Finally, Nokomis Capital L.L.C. raised its position in shares of Halcon Resources by 301.0% in the 4th quarter. Nokomis Capital L.L.C. now owns 1,764,486 shares of the energy company’s stock worth $13,357,000 after acquiring an additional 1,324,486 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

In other Halcon Resources news, Director Ares Management Llc bought 1,113,466 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $6.90 per share, with a total value of $7,682,915.40. Following the purchase, the director now owns 53,114 shares of the company’s stock, valued at $366,486.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Franklin Resources Inc sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $6.96, for a total value of $2,088,000.00. The disclosure for this sale can be found here. Insiders have sold 6,247,483 shares of company stock worth $50,187,886 over the last ninety days. 53.90% of the stock is currently owned by insiders.

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Halcon Resources 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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