$28.29 Million in Sales Expected for Halcon Resources Co. (HK) This Quarter

Cornelia Mascio
Febbraio 25, 2018

On the other hand the company has Relative Strength Index (RSI 14) of 38.17 along with Average True Range (ATR 14) of 0.41, Consequently Halcon Resources (NYSE:HK)'s weekly and monthly volatility is 4.99%, 5.73% respectively.

Halcon Resources (NYSE:HK)'s revenue estimates for the current quarter are $26.53 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $34.1 Million in contradiction of low revenue estimates of $23.62 Million. Halcon Resources posted sales of $130.26 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 78.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 28th. Halcon Resources Corp had 29 analyst reports since August 28, 2015 according to SRatingsIntel. For the next year, analysts forecast that the company will post sales of $286.29 million per share, with estimates ranging from $266.59 million to $304.60 million. Zacks' sales averages are a mean average based on a survey of sell-side research firms that cover Halcon Resources.

Several research firms have weighed in on HK. ValuEngine lowered shares of Halcon Resources from a "hold" rating to a "sell" rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Halcon Resources from a "hold" rating to a "sell" rating in a research note on Thursday, January 25th.

Bank of America "Maintained" Halcon Resources (NYSE:HK) in a research note issued to investors on 2/07/18 to Neutral with price target of $9. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Current price places the company's stock 2.22% away from its 200-day simple moving average, -11.96%, away from the 50-day average and also -9.35% away from 20-day average. Also, Director Ares Management Llc bought 1,113,466 shares of the company's stock in a transaction dated Friday, February 9th. Following the completion of the purchase, the director now directly owns 53,114 shares of the company's stock, valued at $366,486.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Franklin Resources Inc sold 329,743 shares of the business's stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $6.67, for a total transaction of $2,199,385.81. The disclosure for this purchase can be found here. Insiders have sold 5,947,483 shares of company stock worth $48,099,886 over the last ninety days. Corporate insiders own 53.90% of the company's stock.

Several large investors have recently added to or reduced their stakes in HK. Anchor Bolt Capital LP bought a new position in Halcon Resources in the 3rd quarter worth $27,585,000. Vanguard Group Inc. raised its stake in shares of Halcon Resources by 113.7% in the 2nd quarter. William Blair Investment Management LLC bought a new position in shares of Halcon Resources in the fourth quarter valued at approximately $12,543,000. Renaissance Technologies LLC now owns 2,300,395 shares of the energy company's stock valued at $17,414,000 after purchasing an additional 1,631,995 shares during the period. Finally, Nokomis Capital L.L.C. increased its stake in Halcon Resources by 301.0% during the 4th quarter. The stock of Halcón Resources Corporation (NYSE:HK) earned "Buy" rating by Roth Capital on Tuesday, January 16.

Halcon Resources (NYSE:HK) opened at $6.99 on Thursday. 2,702,938 shares of the company's stock were exchanged, compared to its average volume of 3,281,493. The company maintains price to book ratio of 0.85 vs.an industry average at 1.09. The company has a market cap of $1,040.46, a PE ratio of 1.74 and a beta of 3.97.

The stock is trading -37.56% away from its 52 week high of $9.00 and 40.5% far from the stock's low point over the past 52 weeks, which was $4.00.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE