Shares of Halcon Resources Corporation (NYSE:HK) have been assigned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $9.57.

HK has been the topic of several recent research reports. ValuEngine cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Bank of America initiated coverage on shares of Halcon Resources in a report on Monday, October 16th. They set a “neutral” rating on the stock. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Johnson Rice raised shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Roth Capital set a $9.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th.

Shares of Halcon Resources (NYSE HK) traded down $0.08 during mid-day trading on Monday, reaching $7.77. 1,540,285 shares of the company’s stock traded hands, compared to its average volume of 2,471,975. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market capitalization of $1,170.00, a P/E ratio of 1.96 and a beta of 4.04. Halcon Resources has a 1 year low of $3.68 and a 1 year high of $10.30.

Halcon Resources (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 for the quarter, compared to analyst estimates of $97.34 million. Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The business’s revenue was up 319.6% compared to the same quarter last year. research analysts forecast that Halcon Resources will post -0.03 earnings per share for the current fiscal year.

In related news, major shareholder Franklin Resources Inc sold 1,650,000 shares of Halcon Resources stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $6.24, for a total value of $10,296,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 7,514,421 shares of company stock worth $51,431,058 over the last three months. 53.90% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Halcon Resources by 45.6% during the third quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock worth $177,000 after buying an additional 8,137 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Halcon Resources by 35.8% during the third quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock worth $265,000 after buying an additional 10,295 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Halcon Resources by 83.5% during the third quarter. Legal & General Group Plc now owns 32,858 shares of the energy company’s stock worth $223,000 after buying an additional 14,952 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Halcon Resources by 37.0% during the third quarter. New York State Common Retirement Fund now owns 55,500 shares of the energy company’s stock worth $377,000 after buying an additional 15,000 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in shares of Halcon Resources during the third quarter worth $109,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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About Halcon Resources

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.

Analyst Recommendations for Halcon Resources (NYSE:HK)

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