Price Action To Observe: What Next for Halcon Resources Corp Stock After Today’s Significant Increase?

Price Action To Observe: What Next for Halcon Resources Corp Stock After Today's Significant Increase?

The stock of Halcon Resources Corp (NYSE:HK) is a huge mover today! About 484,432 shares traded hands or 16.42% up from the average. Halcon Resources Corp (NYSE:HK) has declined 51.46% since March 2, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.
The move comes after 7 months positive chart setup for the $38.36 million company. It was reported on Oct, 5 by Barchart.com. We have $15.40 PT which if reached, will make NYSE:HK worth $17.26M more.

Analysts await Halcon Resources Corp (NYSE:HK) to report earnings on November, 3. They expect $0.14 earnings per share, down 30.00% or $0.06 from last year’s $0.2 per share. HK’s profit will be $505,687 for 18.96 P/E if the $0.14 EPS becomes a reality. After $0.26 actual earnings per share reported by Halcon Resources Corp for the previous quarter, Wall Street now forecasts -46.15% negative EPS growth.

Halcon Resources Corp (NYSE:HK) Ratings Coverage

Out of 6 analysts covering Halcon Resources Corp (NYSE:HK), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Halcon Resources Corp has been the topic of 9 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Vetr given on Tuesday, September 8. The company was maintained on Monday, August 31 by Roth Capital. As per Monday, April 18, the company rating was downgraded by Johnson Rice. The firm earned “Strong-Buy” rating on Monday, September 21 by Vetr. The stock of Halcon Resources Corp (NYSE:HK) earned “Strong-Buy” rating by Vetr on Friday, August 28. TH Capital maintained the stock with “Buy” rating in Monday, August 31 report. As per Thursday, January 28, the company rating was downgraded by Wunderlich. Wunderlich maintained the shares of HK in a report on Tuesday, September 13 with “Hold” rating. Stifel Nicolaus downgraded Halcon Resources Corp (NYSE:HK) on Wednesday, March 9 to “Sell” rating.

According to Zacks Investment Research, “Halcon Resources Corporation is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company operates in Wichita, Wilbarger and Starr Counties in Texas, Pontotoc and Seminole Counties, Oklahoma, and Louisiana. Halcon Resources Corporation, formerly known as RAM Energy Resources, Inc., is based in Louisiana, USA.”

Insitutional Activity: The institutional sentiment increased to 3 in Q2 2016. Its up 3.00, from 0 in 2016Q1. The ratio improved, as 0 funds sold all Halcon Resources Corp shares owned while 1 reduced positions. 3 funds bought stakes while 0 increased positions. They now own 1.35 million shares or 947.18% more from 128,696 shares in 2016Q1.
Staley Capital Advisers last reported 0% of its portfolio in the stock. The Washington-based Columbia Pacific Advsr Ltd Limited Liability Company has invested 0.32% in Halcon Resources Corp (NYSE:HK). D L Carlson Group Inc has 0% invested in the company for 10,000 shares. Mcdaniel Terry & accumulated 52,445 shares or 0.01% of the stock. Texan last reported 15,699 shares in the company. Thornburg Invest Mngmt holds 0.01% of its portfolio in Halcon Resources Corp (NYSE:HK) for 24,540 shares. Lmr Limited Liability Partnership accumulated 0.01% or 91,501 shares.

More recent Halcon Resources Corp (NYSE:HK) news were published by: Bloomberg.com which released: “Halcon Resources, U.S. Oil Explorer, Files for Bankruptcy” on July 28, 2016. Also Seekingalpha.com published the news titled: “A Look At Halcon Resources’ Warrants” on September 29, 2016. Twst.com‘s news article titled: “Halcón Resources Corporation: Halcón Resources Completes Restructuring and …” with publication date: September 09, 2016 was also an interesting one.

HK Company Profile

Halcon Resources Corporation, incorporated on February 5, 2004, is an independent energy firm 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. The Company’s oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.

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