Halcon Resources (HK) Releases Earnings Results, Misses Estimates By $0.02 EPS

Halcon Resources (NYSE:HK) announced its quarterly earnings data on Tuesday. The energy company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02), Fidelity Earnings reports. The firm had revenue of $60.34 million during the quarter, compared to analyst estimates of $64.94 million. Halcon Resources had a net margin of 20.28% and a negative return on equity of 0.67%.

Halcon Resources stock opened at $1.29 on Thursday. The stock has a market cap of $221.72 million, a P/E ratio of -25.80 and a beta of 3.71. Halcon Resources has a 52 week low of $1.28 and a 52 week high of $5.89. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.64.

A hedge fund recently raised its stake in Halcon Resources stock. Geode Capital Management LLC raised its holdings in Halcon Resources Corp (NYSE:HK) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,506,581 shares of the energy company’s stock after purchasing an additional 56,810 shares during the period. Geode Capital Management LLC owned about 0.94% of Halcon Resources worth $2,561,000 at the end of the most recent quarter.



A number of brokerages have recently weighed in on HK. Bank of America lowered Halcon Resources from a “neutral” rating to an “underperform” rating in a report on Friday, January 4th. Seaport Global Securities lowered Halcon Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $6.00 to $3.00 in a report on Monday, December 10th. Zacks Investment Research lowered Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, January 4th. JPMorgan Chase & Co. lowered Halcon Resources from a “neutral” rating to an “underweight” rating in a report on Friday, December 7th. Finally, Imperial Capital dropped their target price on Halcon Resources from $6.00 to $3.00 and set an “outperform” rating on the stock in a report on Thursday, December 27th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Halcon Resources presently has a consensus rating of “Hold” and an average target price of $5.34.

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About Halcon Resources

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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Earnings History for Halcon Resources (NYSE:HK)

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