Halcon Resources Corporation (NYSE:HK) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.33.
A number of analysts have recently issued reports on the stock. Barclays PLC upgraded shares of Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $5.00 to $8.00 in a research note on Thursday, July 13th. Seaport Global Securities lowered shares of Halcon Resources Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $4.00 in a research report on Wednesday, June 21st. Roth Capital set a $14.00 price target on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. ValuEngine lowered shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Scotiabank set a $12.00 price target on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research report on Tuesday, May 16th.
In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 31,341 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $6.73, for a total value of $210,924.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sylvia K. Barnes bought 20,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was purchased at an average cost of $5.34 per share, for a total transaction of $106,800.00. Following the completion of the acquisition, the director now owns 23,757 shares in the company, valued at $126,862.38. The disclosure for this purchase can be found here. 2.80% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Oconnor LLC acquired a new position in shares of Halcon Resources Corporation during the first quarter worth about $30,285,000. Point72 Asset Management L.P. acquired a new position in shares of Halcon Resources Corporation during the first quarter worth about $17,949,000. Citadel Advisors LLC boosted its position in shares of Halcon Resources Corporation by 7,058.2% in the first quarter. Citadel Advisors LLC now owns 2,142,313 shares of the energy company’s stock worth $16,496,000 after buying an additional 2,112,385 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Halcon Resources Corporation by 25.6% in the first quarter. Vanguard Group Inc. now owns 1,542,196 shares of the energy company’s stock worth $11,875,000 after buying an additional 314,072 shares in the last quarter. Finally, Paloma Partners Management Co boosted its position in shares of Halcon Resources Corporation by 3,565.1% in the first quarter. Paloma Partners Management Co now owns 1,308,800 shares of the energy company’s stock worth $10,078,000 after buying an additional 1,273,090 shares in the last quarter. 78.66% of the stock is currently owned by hedge funds and other institutional investors.
Halcon Resources Corporation (HK) remained flat at $6.81 on Monday. The stock had a trading volume of 2,243,489 shares. The stock has a market cap of $621.58 million, a PE ratio of 2.92 and a beta of 3.89. The company’s 50 day moving average is $5.28 and its 200 day moving average is $7.20. Halcon Resources Corporation has a 52 week low of $3.68 and a 52 week high of $14.83.
Halcon Resources Corporation (NYSE:HK) last posted its earnings results on Wednesday, May 3rd. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $135.60 million during the quarter, compared to analysts’ expectations of $144.13 million. Halcon Resources Corporation had a negative net margin of 168.09% and a positive return on equity of 725.38%. Equities research analysts predict that Halcon Resources Corporation will post $0.45 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://stocknewstimes.com/2017/07/22/halcon-resources-corporation-hk-given-average-recommendation-of-hold-by-analysts.html.
About Halcon Resources Corporation
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.
Receive News & Ratings for Halcon Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
