Brokerages expect Halcon Resources Corp (NYSE:HK) to announce earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Halcon Resources’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.09). Halcon Resources reported earnings of $0.15 per share in the same quarter last year, which would indicate a negative year over year growth rate of 133.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Halcon Resources will report full-year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.25) to $0.01. For the next year, analysts anticipate that the business will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.32) to $0.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Halcon Resources.

Halcon Resources (NYSE:HK) last issued its earnings results on Thursday, May 9th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The company had revenue of $51.92 million for the quarter, compared to analysts’ expectations of $59.49 million. Halcon Resources had a negative net margin of 125.62% and a negative return on equity of 0.03%.

HK has been the subject of several analyst reports. Roth Capital decreased their price target on shares of Halcon Resources from $13.00 to $3.50 and set a “buy” rating for the company in a research report on Monday, January 28th. ValuEngine raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Johnson Rice lowered shares of Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a research report on Friday, February 22nd. Finally, Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Halcon Resources presently has an average rating of “Hold” and a consensus price target of $4.68.

HK stock opened at $0.33 on Monday. The stock has a market cap of $47.63 million, a price-to-earnings ratio of -6.60 and a beta of 3.67. Halcon Resources has a one year low of $0.26 and a one year high of $5.89. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.72.

Institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of Halcon Resources by 116.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,634 shares of the energy company’s stock valued at $38,000 after purchasing an additional 12,168 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Halcon Resources by 163,623.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 27,833 shares of the energy company’s stock valued at $38,000 after purchasing an additional 27,816 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Halcon Resources in the 1st quarter valued at approximately $52,000. Virtu Financial LLC raised its position in shares of Halcon Resources by 102.4% in the 4th quarter. Virtu Financial LLC now owns 42,241 shares of the energy company’s stock valued at $72,000 after purchasing an additional 21,375 shares during the last quarter. Finally, United Services Automobile Association raised its position in shares of Halcon Resources by 38.3% in the 4th quarter. United Services Automobile Association now owns 45,407 shares of the energy company’s stock valued at $77,000 after purchasing an additional 12,580 shares during the last quarter.

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 December 31, 2018, the company held interests in 56,900 net acres in the Delaware Basin, located in Pecos, Reeves, Ward, and Winkler Counties, Texas.

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