Halcon Resources Corporation's (HK) "Buy" Rating Reiterated at Seaport Global Securities

Wall Street analysts are predicting that Halcon Resources (NYSE:HK) will report earnings per share of $0.05 in their quarterly report.

Several other research firms have also recently commented on HK.

News stories about Halcon Resources (NYSE:HK) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports.

Going out even further, the 200-Day Simple Moving Average is recorded -45.12% away from the current share price.

The number of shares traded in the last trading session was 7.6 Million. Roth Capital added HK to its research portfolio by announcing an initial rating of "Buy" and projecting a price target of $1.60.

Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations. Halcon Resources Corporation presently has a consensus rating of "Hold" and an average target price of $11.04.

The share price of Halcon Resources Corporation (NYSE:HK) was down -15.60% during the last trading session, with a day high of 6.07. $7.96's average target is 67.58% above currents $4.75 stock price. The firm has a market capitalization of $544.91 million, a PE ratio of 2.56 and a beta of 3.42. It is quantified by short-term traders as the average difference between a stock's daily high and daily low, then divided by the stock price.

Yet another important factor while evaluating a good buy/sell decision for Halcon Resources Corporation (HK) is its Earnings per Share or EPS.

The company is expected to report earnings of $0.05 a share for the next quarter. The 6 months bearish chart indicates high risk for the $766.39 million company.

Annual Dividend Yield of Halcon Resources Corporation (HK) stands at 0%. Equities analysts expect that Halcon Resources Corporation will post $0.36 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of USA & worldwide copyright legislation. The firm has "Strong-Buy" rating by Vetr given on Monday, September 21. EPS breaks down the profitability of the company on a single share basis. Separately, Senior Officer Etter, Gregory Van Sell 3340 shares of the company at a price of $3.31 on 2014-11-28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

04/23/2015 - Halcon Resources Corporation was downgraded to "neutral" by analysts at Robert W. Baird. The shares were purchased at an average price of $8.57. The disclosure for this sale can be found here. Following the transaction, the director now owns 23,757 shares of the company's stock, valued at approximately $126,862.38.

Going from the most bullish analyst price target to below consensus is one thing. Hedge funds and other institutional investors own 78.61% of the company's stock. Insiders have sold a total of 895,245 shares of company stock valued at $5,663,206 in the last ninety days. Koch Industries Inc. purchased a new stake in Halcon Resources Corporation during the fourth quarter worth about $185,000.

05/19/2015 - Halcon Resources Corporation had its "sell" rating reiterated by analysts at Goldman Sachs. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

05/08/2015 - Halcon Resources Corporation had its "hold" rating reiterated by analysts at Canaccord Genuity. 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.

  • Zachary Reyes