Q3 2016 EPS Estimates for Halcon Resources Corp. Decreased by Capital One Financial Corp. (HK)

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Halcon Resources Corp. (NYSE:HK) – Investment analysts at Capital One Financial Corp. cut their Q3 2016 EPS estimates for shares of Halcon Resources Corp. in a research report issued on Wednesday. Capital One Financial Corp. analyst B. Velie now anticipates that the firm will earn $0.34 per share for the quarter, down from their prior estimate of $3.73. Capital One Financial Corp. currently has a “Equal Weight” rating on the stock. Capital One Financial Corp. also issued estimates for Halcon Resources Corp.’s Q4 2016 earnings at $0.37 EPS, FY2016 earnings at $1.18 EPS and FY2017 earnings at $0.02 EPS.
A number of other research analysts also recently commented on HK. Zacks Investment Research raised Halcon Resources Corp. from a “hold” rating to a “strong-buy” rating and set a $0.50 target price on the stock in a report on Wednesday, June 15th. Roth Capital reaffirmed a “buy” rating on shares of Halcon Resources Corp. in a report on Tuesday, July 12th. Jefferies Group reaffirmed a “hold” rating on shares of Halcon Resources Corp. in a report on Tuesday, August 23rd. Finally, Wunderlich increased their target price on Halcon Resources Corp. from $1.00 to $12.00 and gave the stock a “hold” rating in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.06.
Halcon Resources Corp. (NYSE:HK) opened at 8.08 on Monday. The firm’s market cap is $29.18 million. Halcon Resources Corp. has a one year low of $6.90 and a one year high of $177.59. The company’s 50-day moving average price is $11.64 and its 200-day moving average price is $22.36.

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Hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System increased its stake in shares of Halcon Resources Corp. by 8.2% in the second quarter. California Public Employees Retirement System now owns 803,460 shares of the energy company’s stock valued at $373,000 after buying an additional 61,100 shares during the last quarter. Spark Investment Management LLC increased its stake in shares of Halcon Resources Corp. by 337.9% in the second quarter. Spark Investment Management LLC now owns 743,200 shares of the energy company’s stock valued at $344,000 after buying an additional 573,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Halcon Resources Corp. by 60.2% in the first quarter. Renaissance Technologies LLC now owns 658,176 shares of the energy company’s stock valued at $633,000 after buying an additional 247,210 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Halcon Resources Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 523,072 shares of the energy company’s stock valued at $502,000 after buying an additional 8,137 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in shares of Halcon Resources Corp. during the second quarter valued at $193,000. 24.84% of the stock is currently owned by hedge funds and other institutional investors.
About Halcon Resources Corp.
Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.

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