Research Analysts Set Expectations for Halcon Resources Co.’s Q1 2018 Earnings (HK)

Halcon Resources Co. (NYSE:HK) – Equities researchers at Capital One Financial issued their Q1 2018 earnings estimates for Halcon Resources in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Capital One Financial analyst B. Velie forecasts that the energy company will post earnings of $0.03 per share for the quarter.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Halcon Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. Bank of America lifted their price objective on Halcon Resources from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 10th. ValuEngine cut Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Roth Capital set a $13.00 price objective on Halcon Resources and gave the company a “buy” rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.83.

Halcon Resources (HK) traded down $0.14 on Wednesday, reaching $6.91. The company had a trading volume of 1,613,697 shares, compared to its average volume of 3,303,675. The company has a market cap of $1,086.11, a P/E ratio of 1.73 and a beta of 3.97. Halcon Resources has a twelve month low of $3.68 and a twelve month high of $9.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91.

In other Halcon Resources news, Director Ares Management Llc purchased 1,113,466 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $6.90 per share, with a total value of $7,682,915.40. Following the acquisition, the director now owns 53,114 shares of the company’s stock, valued at $366,486.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Franklin Resources Inc sold 1,012,581 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.53, for a total value of $8,637,315.93. The disclosure for this sale can be found here. Insiders have sold a total of 6,247,483 shares of company stock valued at $50,187,886 in the last three months. 53.90% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in shares of Halcon Resources by 10.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 73,700 shares of the energy company’s stock worth $558,000 after buying an additional 6,800 shares in the last quarter. SG Americas Securities LLC grew its position in Halcon Resources by 45.6% during the 3rd quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock worth $177,000 after acquiring an additional 8,137 shares during the last quarter. Ellington Management Group LLC grew its position in Halcon Resources by 36.5% during the 4th quarter. Ellington Management Group LLC now owns 33,300 shares of the energy company’s stock worth $252,000 after acquiring an additional 8,900 shares during the last quarter. CoreCommodity Management LLC grew its position in Halcon Resources by 8.9% during the 4th quarter. CoreCommodity Management LLC now owns 125,125 shares of the energy company’s stock worth $947,000 after acquiring an additional 10,268 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Halcon Resources by 35.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock worth $265,000 after acquiring an additional 10,295 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

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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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