Halcon Resources (HK) Shares Gap Up to $1.48

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Halcon Resources Corp (NYSE:HK) gapped up prior to trading on Tuesday . The stock had previously closed at $1.54, but opened at $1.48. Halcon Resources shares last traded at $1.49, with a volume of 34581 shares traded.

Several research analysts have issued reports on HK shares. Roth Capital dropped their target price on Halcon Resources from $13.00 to $3.50 and set a “buy” rating on the stock in a research report on Monday, January 28th. Johnson Rice cut Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a research report on Friday, February 22nd. Imperial Capital dropped their price objective on shares of Halcon Resources from $6.00 to $3.00 and set an “outperform” rating on the stock in a report on Thursday, December 27th. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, ValuEngine raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.34.

The stock has a market cap of $244.03 million, a price-to-earnings ratio of -29.40 and a beta of 3.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.89.

Halcon Resources (NYSE:HK) last released its earnings results on Tuesday, March 12th. The energy company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). Halcon Resources had a net margin of 20.28% and a negative return on equity of 0.65%. The company had revenue of $60.34 million for the quarter, compared to analysts’ expectations of $64.94 million. On average, analysts expect that Halcon Resources Corp will post -0.16 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of HK. Dimensional Fund Advisors LP lifted its holdings in Halcon Resources by 14.7% during the third quarter. Dimensional Fund Advisors LP now owns 6,289,008 shares of the energy company’s stock valued at $28,112,000 after purchasing an additional 805,359 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Halcon Resources by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,986,822 shares of the energy company’s stock valued at $17,821,000 after buying an additional 324,836 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Halcon Resources by 287.0% during the 3rd quarter. Jane Street Group LLC now owns 64,151 shares of the energy company’s stock valued at $287,000 after buying an additional 47,574 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in shares of Halcon Resources by 57.9% in the third quarter. MetLife Investment Advisors LLC now owns 100,658 shares of the energy company’s stock valued at $450,000 after acquiring an additional 36,902 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in Halcon Resources by 102.4% in the 4th quarter. Virtu Financial LLC now owns 42,241 shares of the energy company’s stock worth $72,000 after purchasing an additional 21,375 shares in the last quarter.

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Halcon Resources Company Profile (NYSE:HK)

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of December 31, 2018, the company held interests in 56,900 net acres in the Delaware Basin, located in Pecos, Reeves, Ward, and Winkler Counties, Texas.

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