Halcon Resources Corporation (HK) Upgraded to "Strong-Buy" by ValuEngine

Many analysts are providing their Estimated Earnings analysis for Halcon Resources Corporation and for the current quarter 7 analysts have projected that the stock could give an Average Earnings estimate of $0.05/share. The company reported revenue of $135.6 Million in the same period previous year. The company is expected to issue its next earnings report on Thursday, July 27th.

Halcon Resources Corporation (HK) is expected to post revenue of $129.1 Million in the current quarter, according to consensus of 5 analysts.

Halcon Resources Corporation (HK) has been given an average price target of $11.71 from analysts, according to data collected by Finviz.

There has been some selling insider activity on Halcon Resources Corporation (NYSE:HK) recently. The Return on Equity (ROE) value stands at 0%. The firm had revenue of $135.60 million during the quarter, compared to analyst estimates of $144.13 million.

Several analysts have recently issued reports on the company. Analysts reported that the Price Target for Halcon Resources Corporation might touch $14 high while the Average Price Target and Low price Target is $10.88 and $5 respectively.

A price target is the projected price level of a financial security stated by an investment analyst.

Halcon Resources (NYSE:HK) shares traded -3.7% down during most recent session to reach at the closing price of $4.43. Scotiabank set a $12.00 price objective on Halcon Resources Corporation and gave the company a "buy" rating in a research report on Tuesday, May 16th. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation. On January 28, 2016 the stock rating was rated "Hold" in a report from Wunderlich which was a cut from the previous "Buy" rating.

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August 31 investment analysts at Roth Capital kept the stock rating at "Buy" and raised the price target from $1.85 to $2.75. For the next 5 years, Halcon Resources Corporation is expecting Growth of 57.6% per annum, whereas in the past 5 years the growth was -34.54% per annum. The firm has a market cap of $404.34 million, a price-to-earnings ratio of 1.90 and a beta of 3.83. Halcon Resources Corporation is now trading -28.53% below its 20-day and -47.27% versus the 200-day simple moving averages while -33.62% compared with its 50-day simple moving average. The Higher end of the revenue forecast is $142.8 Million, while the Lower end of the forecast is $122.86 Million.

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In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 117,731 shares of Halcon Resources Corporation stock in a transaction dated Friday, April 7th.

Its last month's stock price volatility remained 11.41% which for the week stands at 7.52%. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Halcon Resources Corporation earned a news sentiment score of 0.18 on AlphaOne's scale. The shares were bought at an average price of $5.34 per share, for a total transaction of $106,800.00. Following the completion of the transaction, the director now directly owns 23,757 shares of the company's stock, valued at approximately $126,862.38. The disclosure for this sale can be found here. The third largest holder is Nomura Holdings Inc, which now holds $72.12 million worth of this stock and that ownership represents almost 10.34% of its market capitalization.

Currently Halcon Resources (NYSE:HK)'s shares owned by insiders are 2.4%, whereas shares owned by institutional owners are 79.8%. Finally, Trexquant Investment LP acquired a new position in Halcon Resources Corporation during the fourth quarter worth about $384,000. This Beta value of Halcon Resources Corporation (HK) shows that it has historically moved 390% for every 100% move in the benchmark. Sanders Morris Harris Inc. acquired a new position in Halcon Resources Corporation during the first quarter valued at $159,000. Bank of Montreal Can bought a new position in shares of Halcon Resources Corporation during the first quarter valued at about $1,371,000. The stock grabbed 39 new institutional investments totaling 30,275,372 shares while 17 institutional investors sold out their entire positions totaling 2,001,846 shares.

Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States.

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