The stock of Halcon Resources Corporation (NYSE:HK) is a huge mover today! About 831,565 shares traded hands or 129.86% up from the average. Halcon Resources Corporation (NYSE:HK) has declined 79.72% since April 27, 2016 and is downtrending. It has underperformed by 84.95% the S&P500.
The move comes after 8 months positive chart setup for the $790.20M company. It was reported on Nov, 30 by Barchart.com. We have $9.77 PT which if reached, will make NYSE:HK worth $39.51M more.
Analysts await Halcon Resources Corporation (NYSE:HK) to report earnings on February, 23. They expect $0.52 earnings per share, up 26.83% or $0.11 from last year’s $0.41 per share. HK’s profit will be $44.18 million for 4.47 P/E if the $0.52 EPS becomes a reality. After $0.02 actual earnings per share reported by Halcon Resources Corporation for the previous quarter, Wall Street now forecasts 2,500.00% EPS growth.
Halcon Resources Corporation (NYSE:HK) Ratings Coverage
Out of 6 analysts covering Halcon Resources Corp (NYSE:HK), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Halcon Resources Corp has been the topic of 10 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Vetr upgraded Halcon Resources Corporation (NYSE:HK) rating on Tuesday, September 8. Vetr has “Buy” rating and $1.05 price target. The stock has “Buy” rating given by Roth Capital on Monday, August 31. Vetr downgraded the shares of HK in a report on Friday, August 28 to “Strong-Buy” rating. The rating was downgraded by Wunderlich on Thursday, January 28 to “Hold”. The firm earned “Buy” rating on Tuesday, November 15 by Wunderlich. The firm has “Sell” rating given on Wednesday, March 9 by Stifel Nicolaus. The firm has “Hold” rating by Johnson Rice given on Monday, April 18. As per Tuesday, September 13, the company rating was maintained by Wunderlich. The rating was maintained by TH Capital on Monday, August 31 with “Buy”. The stock of Halcon Resources Corporation (NYSE:HK) earned “Strong-Buy” rating by Vetr on Monday, September 21.
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 decreased to 0 in Q2 2016. Its down 3.00, from 3 in 2016Q1. The ratio dropped, as 0 funds sold all Halcon Resources Corporation 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.
Lmr Partners Llp has 0.01% invested in the company for 91,501 shares. Columbia Pacific Advsr Limited Company holds 0.32% or 1.12M shares in its portfolio. D L Carlson Investment Gru Inc has invested 0% of its portfolio in Halcon Resources Corporation (NYSE:HK). Texan Cap Mgmt holds 0% of its portfolio in Halcon Resources Corporation (NYSE:HK) for 15,699 shares. Mcdaniel Terry & accumulated 52,445 shares or 0.01% of the stock. Thornburg Inv Mngmt has 0.01% invested in the company for 24,540 shares. Staley Capital Advisers has 36,000 shares for 0% of their US portfolio.
Insider Transactions: Since November 21, 2016, the stock had 0 buys, and 1 insider sale for $277 net activity. The insider HICKS QUENTIN R sold $277.
More important recent Halcon Resources Corporation (NYSE:HK) news were published by: Bloomberg.com which released: “Halcon Resources, U.S. Oil Explorer, Files for Bankruptcy” on July 28, 2016, also Fool.com published article titled: “3 Reasons Halcon Resources Corp Sank 12.9% in November”, Fool.com published: “Why Halcon Resources Corp, California Resources Corp, and Bonanza Creek Energy …” on December 16, 2015. More interesting news about Halcon Resources Corporation (NYSE:HK) was released by: Seekingalpha.com and their article: “A Look At Halcon Resources’ Warrants” with publication date: September 29, 2016.
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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