Equities analysts expect Halcon Resources Corp (NYSE:HK) to post $70.19 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Halcon Resources’ earnings. The highest sales estimate is $82.72 million and the lowest is $62.52 million. Halcon Resources reported sales of $55.42 million during the same quarter last year, which indicates a positive year over year growth rate of 26.7%. The firm is expected to report its next earnings report on Wednesday, August 7th.

On average, analysts expect that Halcon Resources will report full-year sales of $282.64 million for the current financial year, with estimates ranging from $253.29 million to $324.76 million. For the next year, analysts anticipate that the company will post sales of $345.48 million, with estimates ranging from $336.49 million to $368.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Halcon Resources.

Halcon Resources (NYSE:HK) last posted its quarterly earnings results on Thursday, May 9th. The energy company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.08. The firm had revenue of $51.92 million for the quarter, compared to analysts’ expectations of $59.49 million. Halcon Resources had a negative net margin of 125.62% and a negative return on equity of 0.03%.

HK has been the topic of a number of research analyst reports. Roth Capital cut their price target on shares of Halcon Resources from $13.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, January 28th. Johnson Rice cut shares of Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, ValuEngine cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Halcon Resources has an average rating of “Hold” and a consensus target price of $4.68.

A number of institutional investors have recently modified their holdings of HK. Cambridge Investment Research Advisors Inc. grew its holdings in Halcon Resources by 116.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,634 shares of the energy company’s stock worth $38,000 after acquiring an additional 12,168 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Halcon Resources by 163,623.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 27,833 shares of the energy company’s stock worth $38,000 after acquiring an additional 27,816 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Halcon Resources during the 1st quarter worth about $52,000. Virtu Financial LLC grew its holdings in Halcon Resources by 102.4% during the 4th quarter. Virtu Financial LLC now owns 42,241 shares of the energy company’s stock worth $72,000 after acquiring an additional 21,375 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in Halcon Resources by 38.3% during the 4th quarter. United Services Automobile Association now owns 45,407 shares of the energy company’s stock worth $77,000 after acquiring an additional 12,580 shares in the last quarter.

Shares of NYSE HK traded up $0.01 during mid-day trading on Wednesday, reaching $0.23. The company had a trading volume of 4,494,841 shares, compared to its average volume of 5,494,472. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.72. The stock has a market cap of $35.56 million, a PE ratio of -4.55 and a beta of 3.67. Halcon Resources has a 52 week low of $0.19 and a 52 week high of $5.47.

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 December 31, 2018, the company held interests in 56,900 net acres in the Delaware Basin, located in Pecos, Reeves, Ward, and Winkler Counties, Texas.

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Earnings History and Estimates for Halcon Resources (NYSE:HK)

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