The insider sell/buy ratio of Halcon Resources Corporation (NYSE:HK) is recorded at 3, pointing to bearish feelings about the stock among corporate executives and directors. HK recorded 3 sales on the open market in the last three months. They sold nearly 1,739 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 4,975,480 shares when buyers snapped up 2,311,437 shares. The 12-month’s totals signify about a 2.15-to-1 sell/buy ratio.
Fuller Thomas R parted with a total of 1.37 thousand shares of Halcon Resources Corporation (HK) at average share price of $2.91. This insider trade in the company took place on 11/27/2018. The total for the sales was set at $3.98 thousand. After this transaction, the Director account balance stood at 84.32 thousand shares. The stock lost -36.08 percent since that insider sale. On 11/19/2018, Elkouri David S, EVP and CLO, sold 0.33 thousand shares at a price per share of $3. This removed 0.99 thousand shares from the insider’s fortune and the stock saw a -38 percent retreat in value since the news became public. This transaction left 380.21 thousand shares in the EVP and CLO account.
On 11/19/2018, SVP, HR & Administration Kasparek Leah R. performed a sale transaction worth $0.12 thousand. This sale at $2.99 each has eliminated 0.04 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -37.79 percent decrease since the transaction was reported. The insider now is left with 98.34 thousand shares remaining in the account. Ares Management Llc, who performs the Director, 10% Owner job, sold 986.28 thousand shares for $3.77 million. The disposal occurred on 08/15/2018 was priced at $3.82 per share. The share price plunged -51.31 percent since the reporting date. Ares Management Llc now left with a stake of 20.96 million HK stock worth $41.91 million after the insider selling.
The 12-month median price target for Halcon Resources Corporation (HK) assigned by the analysts stands at $3, which represents a return potential of 50 percent when compared to the closing price of the stock of $2 on Wednesday, January 09. The lowest price target for the stock is $2.13 — slightly more than 6.5 percent from HK’s current share price. The stock will probably climb 212.5 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $13price as 12-month high target. This represents a whopping 550 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 43.85 on daily chart, which may remain a cause for concern. If the price breaks below $1.81 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.05 mark may result into a pull-back move towards $2.11 level. The stock is currently hovering around the first support level of $1.9. Below this, the next support is placed in the zone of $1.81. Till the time, the HK stock trades above this level, bulls have nothing to fear.
Shares of Halcon Resources Corporation (HK) are trading at a P/E ratio of 1 times earnings reported for the past 12 months. The industry HK operates in has an average P/E of 14.33. Its P/E ratio went as low as 3.41X and as high as 3.41 over the 5-year span. Further, it is sporting a 1.65 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.85. 88.1 percent is the gross profit margin for Halcon Resources Corporation and operating margin sits at -32.6 percent. Along with this, the net profit margin is 0 percent.
On 9th of January, Halcon Resources Corporation (NYSE:HK) shares ended higher after a volatile session. The shares accumulated 0.14 points or 7.53 percent at $2 with a light trade volume of 4.226 million shares. After opening the session at $1.93, the shares went as high as $2.01 and as low as $1.86, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $316 million and now has 157.95 million shares outstanding. Halcon Resources Corporation (HK) stock has lost -21.88 percent of market value in 21 trading days.
In last reported earnings results, HK earned -$0.06 per share, in line with the -$0.06, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $61.6M, better than the $54.64M analysts expected. Earnings are estimated to increase by 202.4 percent this year, 130 percent next year and continue to increase by 0 percent annually for the next 5 years. Investors will get their next glimpse of HK’s Q4 earnings on February 27. Analysts are forecasting revenue to climb 183.6 percent to $71.68M in the next fiscal quarter, while earnings are seen soaring by nearly -41.67 percent to -$0.07 per share. History has shown that shares in Halcon Resources Corporation have gone down on 22 different earnings reaction days and are predicted to add 0.05 percent when the company reports upcoming earnings.
HK stock has a trailing 3-year beta of 4.05, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.63 a share in the trailing twelve months. The stock’s value has surged 17.65 percent year to date (YTD) against a decline of -74.26 percent in 12 month’s time. The company’s shares still trade -77.95 percent away from its 1-year high of $9.07 and 39.86 percent up from 52-week low of $1.43. The average consensus rating on the company is 2.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.