Halcon Resources (HK) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Halcon Resources (NYSE:HK) posted its quarterly earnings results on Thursday. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.08, Fidelity Earnings reports. The business had revenue of $51.92 million for the quarter, compared to analyst estimates of $59.49 million. Halcon Resources had a net margin of 20.28% and a negative return on equity of 0.65%.

Shares of NYSE HK traded down $0.60 during trading hours on Friday, hitting $0.62. 30,989,932 shares of the stock were exchanged, compared to its average volume of 1,970,283. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $200.48 million, a price-to-earnings ratio of -12.46 and a beta of 3.67. Halcon Resources has a 1-year low of $0.58 and a 1-year high of $5.89.

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

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

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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 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 for Halcon Resources (NYSE:HK)

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