Q3 2017 Earnings Forecast for Halcon Resources Corporation Issued By Seaport Global Securities (HK)
Halcon Resources Corporation (NYSE:HK) – Seaport Global Securities boosted their Q3 2017 EPS estimates for shares of Halcon Resources Corporation in a report released on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the energy company will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.03. Seaport Global Securities has a “Buy” rating and a $8.00 price objective on the stock. Seaport Global Securities also issued estimates for Halcon Resources Corporation’s Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.09 EPS and FY2018 earnings at $0.25 EPS.
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Several other analysts have also commented on the stock. Barclays PLC reiterated a “sell” rating and issued a $5.00 price target on shares of Halcon Resources Corporation in a research report on Friday, July 7th. Zacks Investment Research lowered shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Roth Capital set a $9.00 price target on shares of Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, ValuEngine lowered shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $10.00.
Halcon Resources Corporation (HK) opened at 6.44 on Thursday. The firm has a market capitalization of $924.42 million, a PE ratio of 1.51 and a beta of 3.99. Halcon Resources Corporation has a one year low of $3.68 and a one year high of $11.29. The stock’s 50 day moving average price is $6.41 and its 200 day moving average price is $6.27.
Several institutional investors and hedge funds have recently made changes to their positions in the business. UBS Oconnor LLC acquired a new position in shares of Halcon Resources Corporation in the 1st quarter valued at $30,285,000. Boston Partners boosted its holdings in shares of Halcon Resources Corporation by 1,388.1% in the 2nd quarter. Boston Partners now owns 3,863,260 shares of the energy company’s stock valued at $17,539,000 after purchasing an additional 3,603,645 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Halcon Resources Corporation by 113.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after purchasing an additional 1,753,923 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Halcon Resources Corporation by 35.6% in the 2nd quarter. Citadel Advisors LLC now owns 2,905,894 shares of the energy company’s stock valued at $13,193,000 after purchasing an additional 763,581 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Halcon Resources Corporation in the 1st quarter valued at $17,949,000. Institutional investors own 91.57% of the company’s stock.
In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 1,650,000 shares of Halcon Resources Corporation stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $6.24, for a total value of $10,296,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Darryl Schall purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was bought at an average price of $6.25 per share, for a total transaction of $62,500.00. Following the acquisition, 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 90 days, insiders have sold 8,698,219 shares of company stock worth $55,285,549. 53.90% of the stock is owned by company insiders.
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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