Halcon Resources Co. (NYSE:HK) – Analysts at Capital One Financial issued their Q2 2018 earnings estimates for shares of Halcon Resources in a report issued on Monday. Capital One Financial analyst B. Velie expects that the energy company will post earnings per share of $0.06 for the quarter. Capital One Financial also issued estimates for Halcon Resources’ Q3 2018 earnings at $0.05 EPS and Q4 2018 earnings at $0.08 EPS.

Several other research analysts also recently commented on the company. Bank of America decreased their price objective on Halcon Resources from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Zacks Investment Research downgraded Halcon Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Roth Capital set a $13.00 price objective on Halcon Resources and gave the stock a “buy” rating in a research note on Tuesday, January 16th. ValuEngine downgraded Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.83.

Halcon Resources (HK) opened at $6.90 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. Halcon Resources has a 12 month low of $3.68 and a 12 month high of $9.61. The company has a market capitalization of $1,160.00, a PE ratio of 11.14 and a beta of 3.97.

Institutional investors and hedge funds have recently modified their holdings of the stock. MANA Advisors LLC purchased a new position in Halcon Resources during the 4th quarter valued at approximately $226,000. Renaissance Technologies LLC grew its holdings in Halcon Resources by 244.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,300,395 shares of the energy company’s stock valued at $17,414,000 after buying an additional 1,631,995 shares in the last quarter. MYDA Advisors LLC purchased a new position in Halcon Resources during the 4th quarter valued at approximately $303,000. AXA purchased a new position in Halcon Resources during the 4th quarter valued at approximately $5,197,000. Finally, Alliancebernstein L.P. grew its holdings in Halcon Resources by 32.1% during the 4th quarter. Alliancebernstein L.P. now owns 461,158 shares of the energy company’s stock valued at $3,491,000 after buying an additional 112,131 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

In related news, major shareholder Franklin Resources Inc sold 1,400,000 shares of Halcon Resources stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $6.58, for a total transaction of $9,212,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ares Management Llc bought 1,113,466 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $6.90 per share, for a total transaction of $7,682,915.40. Following the purchase, the director now directly owns 53,114 shares in the company, valued at approximately $366,486.60. The disclosure for this purchase can be found here. Insiders have sold a total of 7,647,483 shares of company stock worth $59,399,886 in the last three months. 53.90% of the stock is owned by corporate insiders.

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Halcon Resources Company Profile

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.

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