Halcon Resources Corporation (NYSE:HK) registered a -8.01% decrease, still its new closing price is 3709.09% up from the company’s 1 year high of 12.01.It posted 2.57% gains in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 7 stock analysts following this company have an average price target at $13.17, with individual PT in the $10.00-$16.00 range. The shares moved at $8.38, implying that brokerage firms see shares gaining about 1423.64% in twelve months time.
Halcon Resources Corporation (HK) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -10.28% fall year to date. A EVP, Operations at Halcon Resources Corporation (HK) offloaded shares in a transaction closed on Thursday December 15, 2016. Wright Jon C. sold 10,000 shares in the company at $8.6 each and collected $86,000 in proceeds. Wright Jon C. now owns 193,857 shares in the company after this transaction. A EVP and CLO in the company, Elkouri David S, disclosed a transaction on Thursday December 08, 2016 that ended up generating $1 from the sale of 100 shares at $8.57 per share.
Halcon Resources Corporation (NYSE:HK) Upcoming Results on Tap
Halcon Resources Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.13 in that period. Sales during the quarter are predicted to arrive at $144.16 million.
Earnings surprise history: Last quarter, the company posted approximately $102.45 million in revenue and EPS of $0.39. The mean forecast was for $158.52 million and $0.39 a share, respectively. One quarter earlier, revenue for the stock was at $106.15 million, with earnings at $8.83/share.
Halcon Resources Corporation (HK) Brokerage Update
Halcon Resources Corporation (HK) is in CapitalOne’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Equal Weight by CapitalOne, according to news reported on Wednesday January 25, 2017.Another important research note was issued by Johnson Rice on Monday April 18, 2016.The firm downgraded HK to Hold from Buy. Over the last six months and over the last three months, the shares of Halcon Resources Corporation (HK), have changed 1943.90% and -13.16%, respectively.