Halcon Resources Corp (NYSE:HK) has been given a consensus rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.30.

A number of research firms recently commented on HK. Zacks Investment Research cut Halcon Resources from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Bank of America cut Halcon Resources from a “neutral” rating to an “underperform” rating in a research report on Friday, January 4th. Seaport Global Securities cut Halcon Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $6.00 to $3.00 in a research report on Monday, December 10th. Johnson Rice cut Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Friday, February 22nd. Finally, Imperial Capital reduced their price objective on Halcon Resources from $6.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, December 27th.

Large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its holdings in Halcon Resources by 116.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,634 shares of the energy company’s stock valued at $38,000 after purchasing an additional 12,168 shares during the period. Virtu Financial LLC grew its holdings in Halcon Resources by 102.4% during the fourth quarter. Virtu Financial LLC now owns 42,241 shares of the energy company’s stock valued at $72,000 after purchasing an additional 21,375 shares during the period. United Services Automobile Association grew its holdings in Halcon Resources by 38.3% during the fourth quarter. United Services Automobile Association now owns 45,407 shares of the energy company’s stock valued at $77,000 after purchasing an additional 12,580 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Halcon Resources by 395.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 46,694 shares of the energy company’s stock valued at $79,000 after purchasing an additional 37,264 shares during the period. Finally, California Public Employees Retirement System bought a new stake in Halcon Resources during the second quarter valued at about $168,000.

Shares of HK stock traded down $0.11 during mid-day trading on Friday, hitting $1.19. The company’s stock had a trading volume of 26,455,694 shares, compared to its average volume of 4,774,910. Halcon Resources has a 52-week low of $1.19 and a 52-week high of $5.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $190.71 million, a P/E ratio of -23.80 and a beta of 3.71.

Halcon Resources (NYSE:HK) last posted its quarterly earnings results on Tuesday, March 12th. The energy company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). Halcon Resources had a negative return on equity of 0.67% and a net margin of 20.28%. The business had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $64.94 million. As a group, analysts anticipate that Halcon Resources will post -0.16 earnings per share for the current year.

Halcon Resources Company Profile

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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Analyst Recommendations for Halcon Resources (NYSE:HK)

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