Analysts Keeping an Eye on Halcon Resources Corp (NYSE:HK)

The shares of Halcon Resources Corp (NYSE:HK)currently has mean rating of 3.4 while 1 analyst have recommended the shares as ‘BUY’ ,0 recommended as ‘OUTPERFORM’ and 7 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Halcon Resources Corp (NYSE:HK)is at $1.73 while the highest price target suggested by the analysts is $5.00 and low price target is $0.40. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 167.95M by 5 analysts. The means estimate of sales for the year ending Dec 16 is 597.13M by 3 analysts.

The average estimate of EPS for the current fiscal quarter for Halcon Resources Corp (NYSE:HK)stands at $0.04 while the EPS for the current year is fixed at $0.48 by 7.00 analysts

The next one year’s EPS estimate is set at -0.90 by 8.00 analysts while a year ago the analysts suggested the company’s EPS at $0.48. The analysts also projected the company’s long-term growth at 25.00% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Halcon Resources Corp (NYSE:HK)reported earnings of $0.21. The posted earnings topped the analyst’s consensus by $0.26 with the surprise factor of 520.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Halcon Resources Corp (NYSE:HK) traded up +16.67% during trading on Friday, hitting $0.44 . The stock had a trading volume of 4.6 M shares. The firm has a 50 day moving average of $0.75 and a 200-day moving average of $1.03. The stock has a market cap of $51.53M. On Jun 24, 2015 the shares registered one year high at $6.85 and the one year low was seen on Jan 20, 2016.

On June 2, 2016 Halcon Resources Corp (NYSE:HK) received notice from the New York Stock Exchange (the “NYSE”) that the price of its common stock has fallen below the NYSE’s continued listing standard. The NYSE requires the average closing price of a listed company’s common stock not be less than $1.00 per share for a period of 30 consecutive trading days.

Under NYSE rules, the Company will regain compliance if, during the six month period following receipt of the NYSE notice and on the last trading day of any calendar month, its common stock price per share and 30 trading-day average share price is at least $1.00. During this period, the Company’s common stock will continue to be traded on the NYSE, subject to compliance with other NYSE listing requirements. Halcón has notified the NYSE of its intent to cure this deficiency through the previously disclosed restructuring and pre-packaged Chapter 11 filing it plans to commence within the next several months.

The NYSE notification does not affect the Company’s previously disclosed proposed restructuring plans, business operations or its U.S. Securities and Exchange Commission (“SEC”) reporting requirements and does not cause an event of default under any of Halcón’s debt agreements.