Published: Fri, June 16, 2017
Economy | By Annette Adams

Momentum Stock in Focus: Halcon Resources (HK)


Halcon Resources Corporation (HK) has a market capitalization of 779.53 Million while its Major Index membership is at 0.

HK has been the subject of several analyst reports.

Halcon Resources Corporation (NYSE:HK) provided production data on its first operated well in the Delaware Basin and provided an update on other Company activities.

August 31 investment analysts at Roth Capital held the company rating at "Buy" but moved up the price target from $1.85 to $2.75. Johnson Rice raised shares of Halcon Resources Corporation from a "hold" rating to an "accumulate" rating in a report on Wednesday, March 1st. The firm earned "Sell" rating on Wednesday, March 9 by Stifel Nicolaus. The consensus recommendation by Thomson Reuters analysts is 1 and their mean rating for the stock is Outperform on scale of 1-5.

The stock of Halcon Resources Corporation (NYSE:HK) hit a new 52-week low and has $5.12 target or 7.00% below today's $5.51 share price.

Many analysts are providing their Estimated Earnings analysis for Halcon Resources Corporation and for the current quarter 7 analysts have projected that the stock could give an Average Earnings estimate of $0.05/share. The firm has a market cap of $419.86 million, a price-to-earnings ratio of 1.97 and a beta of 3.83. Roth Capital maintained Halcon Resources Corporation (NYSE:HK) rating on Monday, August 31.

Halcon Resources Corporation (HK)'s distance from 200 day simple moving average is -39.3 percent, its distance from 50 day simple moving average is -24.27 percent, while its distance from 20 day simple moving average is -19.27 percent. CapitalOne upgraded Halcon Resources Corporation (NYSE:HK) on Wednesday, January 25 to "Overweight" rating. As of the latest earnings report the EPS was $2.33 and is expected to be $0.36 for the current year with 91,274,000 shares now outstanding.

While having a peek at profitability ratios Halcon Resources (NYSE:HK) has trailing twelve month gross margin at 77%, its trailing twelve month operating margin stands at 92% whereas its trailing twelve month net profit margin spots at 51.1%. For the current quarter Halcon Resources (NYSE:HK) has high EPS estimates of $0.11 in contradiction of low EPS estimates of $-0.03. If you are viewing this story on another publication, it was stolen and reposted in violation of USA & global copyright & trademark laws. Vetr upgraded it to "Buy" rating and $1.05 target in Tuesday, September 8 report.

In the transaction dated December 08, 2016, the great number of shares disposed came courtesy the EVP and CLO; Elkouri David S disposed a total of 100 shares at an average price of $8.57, amounting to approximately $857. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

04/23/2015 - Halcon Resources Corporation was downgraded to "neutral" by analysts at Robert W. Baird. 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 directly owns 23,757 shares in the company, valued at $126,862.38. The disclosure for this sale can be found here. Insiders have sold a total of 895,245 shares of company stock worth $5,663,206 in the last quarter. Institutional investors own 78.61% of the company's stock. WFG Advisors LP increased its stake in Halcon Resources Corporation by 3,894.0% in the fourth quarter.

05/19/2015 - Halcon Resources Corporation had its "sell" rating reiterated by analysts at Goldman Sachs. Finally, Bank of New York Mellon Corp bought a new stake in Halcon Resources Corporation during the first quarter valued at $174,000.

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