Halcon Resources Corporation (HK) Trading Up 6%
Halcon Resources Corporation (NYSE:HK)’s share price was up 6% on Friday . The stock traded as high as $7.24 and last traded at $7.04. Approximately 2,519,281 shares were traded during trading, an increase of 0% from the average daily volume of 2,516,876 shares. The stock had previously closed at $6.64.
Several equities analysts recently weighed in on HK shares. Johnson Rice upgraded shares of Halcon Resources Corporation from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine lowered shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Roth Capital set a $9.00 price target on shares of Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Bank of America Corporation started coverage on shares of Halcon Resources Corporation in a research report on Monday, October 16th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.88.
The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $997.81, a PE ratio of 10.32 and a beta of 4.01.
Halcon Resources Corporation (NYSE:HK) last issued its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The business had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. Halcon Resources Corporation had a return on equity of 8.76% and a net margin of 124.30%. The company’s revenue was up 319.6% compared to the same quarter last year. analysts anticipate that Halcon Resources Corporation will post 0.05 earnings per share for the current year.
In other news, major shareholder Franklin Resources Inc sold 423,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $6.11, for a total value of $2,584,530.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 10,988,137 shares of company stock valued at $71,607,512 over the last 90 days. 53.90% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in HK. Amalgamated Bank bought a new position in shares of Halcon Resources Corporation in the third quarter valued at approximately $109,000. Voya Investment Management LLC bought a new position in shares of Halcon Resources Corporation in the second quarter valued at approximately $121,000. Cubist Systematic Strategies LLC boosted its position in shares of Halcon Resources Corporation by 107.1% in the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after acquiring an additional 14,864 shares during the period. Nationwide Fund Advisors bought a new position in shares of Halcon Resources Corporation in the second quarter valued at approximately $160,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Halcon Resources Corporation in the second quarter valued at approximately $172,000. Institutional investors own 89.40% of the company’s stock.
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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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