Halcon Resources (NYSE:HK) shares traded -0.32% down during most recent session to reach at the closing price of $6.26. The stock exchanged hands 2.16 Million shares versus average trading capacity of 3.6 Million shares, yielding a market cap of $871.58 Million. Wall Street analysts covering the stock are projecting that the stock will reach $9.14 within the next 52-weeks. The mean target projections are based on 7 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Halcon Resources (NYSE:HK) high price target of $12 and with a conservative view have low price target of $7.
Imperial Capital “Initiates Coverage On” Halcon Resources (NYSE:HK) in a research note issued to investors on 8/01/17 to Outperform with price target of $9.
Additionally on 7/13/17 Barclays “Upgrades” Halcon Resources (NYSE:HK) to Equal-Weight setting price target at $0 and on 6/21/17 Seaport Global “Downgrades” the stock to Neutral at $0. Furthermore on 3/01/17 Johnson Rice “Upgrades” the stock to Accumulate at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 49.46 along with Average True Range (ATR 14) of 0.47, Consequently Halcon Resources (NYSE:HK)’s weekly and monthly volatility is 6.86%, 6.50% respectively. The company’s beta value is at 3.99.
In terms of Buy, Sell or Hold recommendations, Halcon Resources (NYSE:HK) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Halcon Resources (NYSE:HK)’s minimum EPS for the current quarter is at $-0.09 and can go high up to $0.11. The consensus mean EPS for the current quarter is at $0.03 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.39 earnings per share for the same quarter during last year.
While considering growth estimates of the company, it has next quarter growth estimates of -95.5% whereas during current quarter it has -92.3% estimations over growth, comparing to the estimations of -90.3% during current year and 33.3% for next year. Past 5 years growth of Halcon Resources (NYSE:HK) observed at -34.54%, looking forward for the next 5 years it has a strong prediction of 57.6% over growth.
Halcon Resources (NYSE:HK)’s revenue estimates for the current quarter are $106.41 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $116 Million in contradiction of low revenue estimates of $95 Million. For the current year the company’s revenue estimates are $403.42 Million compared to low analyst estimates of $339.2 Million and high estimates of $427.94 Million according to 6 number of analysts.
Currently Halcon Resources (NYSE:HK)’s shares owned by insiders are 2.4%, whereas shares owned by institutional owners are 82.6%. However the six-month change in the insider ownership was recorded -20.57%, as well as three-month change in the institutional ownership was recorded 3.49%.
Halcon Resources (NYSE:HK) 52-week high price stands at $13.85 and low price stands at $3.68, its price distance from 52-week high is -54.79% while its distance from 52-week low price is 69.88%. The stock hit its 52-week high on 08/18/16, and 52-week low on 06/23/17.
Halcon Resources (NYSE:HK)’s trailing twelve month revenues are $488.4 Million, whereas its price to sales ratio for the same period is 1.78. Its book value per share for the most recent quarter is $5.1 while its price to book ratio for the same period is 1.23, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 1.