Shares of Halcon Resources Corporation (NYSE:HK) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.83.

Several brokerages recently weighed in on HK. ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Seaport Global Securities raised shares of Halcon Resources from a “neutral” rating to a “buy” rating and upped their target price for the stock from $7.00 to $8.00 in a report on Tuesday, October 17th. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Bank of America upped their target price on shares of Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Roth Capital set a $9.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th.

Shares of Halcon Resources (NYSE:HK) opened at $7.33 on Friday. Halcon Resources has a 1 year low of $3.68 and a 1 year high of $9.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market cap of $1,096.54, a price-to-earnings ratio of 11.11 and a beta of 3.97.

Halcon Resources (NYSE:HK) last issued its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The firm had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The firm’s quarterly revenue was up 319.6% on a year-over-year basis. sell-side analysts forecast that Halcon Resources will post -0.03 earnings per share for the current year.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 374,817 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $6.84, for a total value of $2,563,748.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 9,622,300 shares of company stock worth $73,161,634. Corporate insiders own 53.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HK. Alambic Investment Management L.P. purchased a new stake in Halcon Resources in the 4th quarter worth $104,000. Amalgamated Bank purchased a new stake in Halcon Resources in the 3rd quarter worth $109,000. Voya Investment Management LLC purchased a new stake in Halcon Resources in the 2nd quarter worth $121,000. Cubist Systematic Strategies LLC lifted its stake in Halcon Resources by 107.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after purchasing an additional 14,864 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new stake in Halcon Resources in the 2nd quarter worth $160,000. Institutional investors and hedge funds own 94.31% of the company’s stock.

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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.

Analyst Recommendations for Halcon Resources (NYSE:HK)

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