Halcon Resources Corp (NYSE:HK) dropped 5.5% during trading on Thursday . The company traded as low as $2.71 and last traded at $2.56. Approximately 152,503 shares changed hands during trading, a decline of 97% from the average daily volume of 5,140,450 shares. The stock had previously closed at $2.71.

HK has been the topic of a number of analyst reports. Zacks Investment Research upgraded Halcon Resources from a “hold” rating to a “strong-buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, October 3rd. ValuEngine cut Halcon Resources from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. JPMorgan Chase & Co. cut Halcon Resources from a “neutral” rating to an “underweight” rating in a research report on Friday. Finally, Imperial Capital set a $6.00 target price on Halcon Resources and gave the company a “buy” rating in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.54.

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.64.

Halcon Resources (NYSE:HK) last posted its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). Halcon Resources had a negative return on equity of 1.05% and a negative net margin of 101.20%. The firm had revenue of $61.60 million during the quarter, compared to analyst estimates of $58.33 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s quarterly revenue was down 36.5% on a year-over-year basis. As a group, analysts anticipate that Halcon Resources Corp will post -0.05 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. AMP Capital Investors Ltd acquired a new stake in Halcon Resources in the 2nd quarter worth about $101,000. Laurion Capital Management LP acquired a new stake in Halcon Resources in the 2nd quarter worth about $107,000. MetLife Investment Advisors LLC boosted its holdings in Halcon Resources by 57.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 100,658 shares of the energy company’s stock worth $450,000 after buying an additional 36,902 shares during the last quarter. California Public Employees Retirement System acquired a new stake in Halcon Resources in the 2nd quarter worth about $168,000. Finally, Jane Street Group LLC boosted its holdings in Halcon Resources by 287.0% in the 3rd quarter. Jane Street Group LLC now owns 64,151 shares of the energy company’s stock worth $287,000 after buying an additional 47,574 shares during the last quarter.

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Halcon Resources Company Profile (NYSE:HK)

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.

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