The Capital One Financial Corp. Weighs in on Halcon Resources Co.’s Q2 2017 Earnings (HK)

The Capital One Financial Corp. Weighs in on Halcon Resources Co.’s Q2 2017 Earnings (HK)

Halcon Resources Co. (NYSE:HK) – Capital One Financial Corp. upped their Q2 2017 earnings estimates for Halcon Resources in a note issued to investors on Friday. Capital One Financial Corp. analyst B. Velie now forecasts that the energy company will earn $0.11 per share for the quarter, up from their prior estimate of $0.09. Capital One Financial Corp. also issued estimates for Halcon Resources’ Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.39 EPS.

HK has been the subject of a number of other reports. Zacks Investment Research downgraded Halcon Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, March 15th. Scotiabank set a $15.00 price objective on Halcon Resources and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Barclays PLC reissued a “sell” rating and set a $9.00 price objective on shares of Halcon Resources in a research report on Friday, March 3rd. Johnson Rice raised Halcon Resources from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 1st. Finally, ValuEngine raised Halcon Resources from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Halcon Resources has a consensus rating of “Hold” and a consensus target price of $11.04.

Halcon Resources (NYSE:HK) opened at 5.95 on Monday. The stock has a 50 day moving average of $6.72 and a 200-day moving average of $8.13. Halcon Resources has a 12-month low of $5.57 and a 12-month high of $19.31. The company has a market capitalization of $543.08 million, a PE ratio of 2.55 and a beta of 3.42. A number of institutional investors have recently added to or reduced their stakes in HK. UBS Oconnor LLC bought a new position in shares of Halcon Resources during the first quarter valued at about $30,285,000. Point72 Asset Management L.P. bought a new position in shares of Halcon Resources during the first quarter valued at about $17,949,000. Citadel Advisors LLC boosted its position in shares of Halcon Resources by 7,058.2% in the first quarter. Citadel Advisors LLC now owns 2,142,313 shares of the energy company’s stock valued at $16,496,000 after buying an additional 2,112,385 shares during the last quarter. Paloma Partners Management Co boosted its position in shares of Halcon Resources by 3,565.1% in the first quarter. Paloma Partners Management Co now owns 1,308,800 shares of the energy company’s stock valued at $10,078,000 after buying an additional 1,273,090 shares during the last quarter. Finally, Kettle Hill Capital Management LLC bought a new position in shares of Halcon Resources during the fourth quarter valued at about $6,373,000. 84.82% of the stock is owned by institutional investors.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 117,731 shares of Halcon Resources stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $7.84, for a total value of $923,011.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 22.00% of the company’s stock. About Halcon Resources

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. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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