Should Investors Be Buying Halcon Resources (NYSE:HK) Shares

On November 15 the company was set at "Buy" by Wunderlich a boost from the previous "Hold" rating.

For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. The firm had revenue of $135.60 million for the quarter, compared to analyst estimates of $144.13 million. Kelly now anticipates that the energy company will earn $0.36 per share for the year, down from their previous estimate of $0.40. The stock is expected to report revenue as high as $167.2 Million and as low as $137.1 Million per share.

Shares of Halcon Resources Corporation (NYSE:HK) traded up 3.61% on Thursday, reaching $6.60. The energy company reported $0.06 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.03. The Return on Equity (ROE) value stands at 0%.

These analysts also forecasted Growth Estimates for the Current Quarter for HK to be -99.7%.

A number of brokerages recently commented on HK. Finally, ValuEngine upgraded Halcon Resources Corporation from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 23rd.

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Insider Trades for Halcon Resources Corporation show that the latest trade was made on 13 Jun 2017 where Barnes (Sylvia K.), the Director completed a transaction type "Buy" in which 4000 shares were traded at a price of $5.32.

03/01/2017 - Halcon Resources Corporation was upgraded to "accumulate" by analysts at Johnson Rice. Zacks Investment Research cut shares of Halcon Resources Corporation from a "hold" rating to a "sell" rating in a research note on Thursday, March 30th. As per Monday, August 31, the company rating was maintained by Roth Capital. The forward price-to-earnings ratio is a powerful, but limited tool.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright legislation. The SI to Halcon Resources Corporation's float is 14.64%. Moreover, Greenhaven Associates Inc has 11.38% invested in the company for 11.35 million shares. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. The Market Capitalization of the company stands at 993.77 Million. Trading volume for Halcon Resources Corporation was 3,924K by the end of trading on Friday. Also, major shareholder Franklin Resources Inc sold 746,173 shares of the business's stock in a transaction that occurred on Wednesday, June 14th. The transaction was disclosed in a document filed with the SEC, which is available through this link. Its book value per share for the most recent quarter is $7.66 while its price to book ratio for the same period is 0.86, as for as the company's cash per share for the most recent quarter is $0.41, however its price to cash per share ratio for the same period is 15.98. Following the completion of the acquisition, the director now directly owns 23,757 shares in the company, valued at approximately $126,862.38. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in HK.

04/23/2015 - Halcon Resources Corporation was downgraded to "neutral" by analysts at Robert W. Baird. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/07/15/28798-shares-in-halcon-resources-corporation-nysehk-acquired-by-sg-americas-securities-llc-updated.html. How HK stock remained volatile for the past five days and past 30 days? Bank of New York Mellon Corp bought a new position in shares of Halcon Resources Corporation during the first quarter valued at approximately $174,000. The relative volume of the stock is 10.35, while its market cap is $1.02 Billion. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Hedge funds and other institutional investors own 78.61% of the company's stock. The company had Year Ago Sales of 106.15 Million.

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