Stock Technical Report on Halcon Resources Corp (NYSE:HK)

Halcon Resources Corp (NYSE:HK) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $1.93, up by 9.66%, with a volume of 8,859,206 shares against an average volume for the last 3 months of 4,746,920.

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The company is expected to announce next quarter earnings on May 05, at consensus estimate of $-0.02. Halcon Resources Corp (HK) reported last quarter earnings on February 25. The Oil Exploration & Production company announced earnings per share of $0.05 against a consensus Street estimate of $0, beating the average estimate by $0.05. This corresponds to a decrease of $0.01 compared to the same quarter of the previous fiscal year.

Halcon Resources Corp (NYSE:HK) is currently trading 74.27% below its 52-week-high, 82.08% above its 52-week-low. The 12-months range for the stock is $1.06 – $7.5. Halcon Resources Corp (HK) has a price to earnings ratio of 3.29 versus S&P 500 average of 17.42. HK stock price has outperformed the S&P 500 by 6.1%. The Oil Exploration & Production company is currently valued at $0.83 billion and its share price closed the last trading session at $1.93. The stock has a 50-day moving average of $1.74 and a 200-day moving average of $2.21.

Halcon Resources Corp (HK) current short interest stands at 53.37 million shares. It has increased by 10% from the same period of last month. Around 18% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.45 million shares, the number of days required to cover the short positions stand at 9.8 days.

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There are currently twenty-three analysts that cover HK stock. Of those twenty-three, six have a Buy rating, eleven have a Hold rating and six have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $1.95.

A recent analyst activity consisted of GMP who initiated their coverage on the stock with Hold rating on March 20. GMP fixed their price target at $2. This corresponds to a 3.63% upside from the last closing price. On the date of report, the stock closed at $1.6.

KLR Group downgraded their Hold rating to Sell on March 4. On the date of report, the stock closed at $2.01.

A third research firm was BMO Capital Markets who downgraded their Outperform rating to Market Perform on December 8. BMO Capital Markets decreased price target from $4 to $2. This translates to a 3.63% upside from the last closing price. On the date of report, the stock closed at $1.57.

Company profile

Halcon Resources Corporation is an independent oil and gas energy company. The Company acquires, produces, explores and develops onshore liquid rich assets in the United States.

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