Halcon Resources Corporation (NYSE:HK) – Stock analysts at Imperial Capital reduced their FY2017 earnings per share (EPS) estimates for shares of Halcon Resources Corporation in a report issued on Wednesday. Imperial Capital analyst J. Wangler now forecasts that the energy company will post earnings per share of $0.04 for the year, down from their prior forecast of $0.05. Imperial Capital has a “Outperform” rating and a $9.00 price target on the stock. Imperial Capital also issued estimates for Halcon Resources Corporation’s Q4 2017 earnings at $0.01 EPS.
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HK has been the topic of a number of other reports. Roth Capital set a $9.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. ValuEngine lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Barclays PLC restated a “sell” rating and issued a $5.00 target price on shares of Halcon Resources Corporation in a research note on Friday, July 7th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.43.
Halcon Resources Corporation (NYSE HK) opened at 6.05 on Thursday. The company has a 50 day moving average price of $6.39 and a 200-day moving average price of $6.31. Halcon Resources Corporation has a 12 month low of $3.69 and a 12 month high of $11.29. The company has a market cap of $868.44 million, a PE ratio of 1.42 and a beta of 3.99.
A number of hedge funds have recently bought and sold shares of HK. Jane Street Group LLC increased its holdings in shares of Halcon Resources Corporation by 133.6% in the 1st quarter. Jane Street Group LLC now owns 25,616 shares of the energy company’s stock worth $197,000 after purchasing an additional 14,648 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Halcon Resources Corporation by 107.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after purchasing an additional 14,864 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Halcon Resources Corporation in the 1st quarter worth $119,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Halcon Resources Corporation in the 1st quarter worth $140,000. Finally, Texas Yale Capital Corp. increased its holdings in shares of Halcon Resources Corporation by 77.2% in the 2nd quarter. Texas Yale Capital Corp. now owns 45,261 shares of the energy company’s stock worth $205,000 after purchasing an additional 19,719 shares in the last quarter. 91.57% of the stock is owned by institutional investors.
In related news, major shareholder Franklin Resources Inc sold 830,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $6.43, for a total transaction of $5,336,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darryl Schall acquired 10,000 shares of Halcon Resources Corporation stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average cost of $6.25 per share, with a total value of $62,500.00. Following the transaction, the director now owns 35,589 shares in the company, valued at $222,431.25. The disclosure for this purchase can be found here. In the last quarter, insiders sold 6,698,219 shares of company stock valued at $42,879,049. Company insiders own 53.90% of the company’s stock.
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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