Equities research analysts expect Halcon Resources Corp (NYSE:HK) to report earnings per share (EPS) of ($0.07) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Halcon Resources’ earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.16). Halcon Resources reported earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year over year growth rate of 41.7%. The company is scheduled to report its next earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Halcon Resources will report full-year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.05). For the next year, analysts anticipate that the firm will post earnings of $0.04 per share, with EPS estimates ranging from ($0.16) to $0.42. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Halcon Resources.

Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The company had revenue of $61.60 million for the quarter, compared to analyst estimates of $58.33 million. Halcon Resources had a negative return on equity of 1.05% and a negative net margin of 101.20%. The company’s quarterly revenue was down 36.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS.

A number of equities research analysts have weighed in on HK shares. Zacks Investment Research downgraded Halcon Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 3rd. Imperial Capital set a $6.00 target price on Halcon Resources and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, ValuEngine downgraded Halcon Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Halcon Resources presently has a consensus rating of “Hold” and a consensus price target of $7.54.

Several hedge funds have recently modified their holdings of the business. Wilks Brothers LLC boosted its holdings in shares of Halcon Resources by 31.4% in the 3rd quarter. Wilks Brothers LLC now owns 15,156,067 shares of the energy company’s stock valued at $67,748,000 after purchasing an additional 3,625,800 shares in the last quarter. BlueMountain Capital Management LLC boosted its holdings in shares of Halcon Resources by 5.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 11,716,112 shares of the energy company’s stock valued at $51,434,000 after acquiring an additional 635,128 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Halcon Resources by 6.2% during the 2nd quarter. BlackRock Inc. now owns 11,234,185 shares of the energy company’s stock valued at $49,318,000 after acquiring an additional 658,502 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Halcon Resources by 14.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,289,008 shares of the energy company’s stock valued at $28,112,000 after acquiring an additional 805,359 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 324,836 shares in the last quarter.

NYSE:HK traded down $0.13 during trading hours on Monday, reaching $2.58. 53,380 shares of the company were exchanged, compared to its average volume of 5,140,450. The company has a market capitalization of $435.41 million, a P/E ratio of -17.18 and a beta of 4.13. Halcon Resources has a 1-year low of $2.64 and a 1-year high of $9.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.33 and a quick ratio of 0.33.

About Halcon Resources

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 February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.

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