The shares of Halcon Resources Corporation (NYSE:HK) has been pegged with a rating of Neutral by ROTH Capital in its latest research note that was published on May 10th, 2019. ROTH Capital wasn’t the only research firm that published a report of Halcon Resources Corporation, with other equities research analysts also giving their opinion on the stock. Imperial Capital advised investors in its research note published on February 26th, 2019, to In-line the HK stock while also putting a $2 price target. The stock had earned Underperform rating from BofA/Merrill when it published its report on January 4th, 2019. The stock was given Underweight rating by CapitalOne in its report released on December 20th, 2018. Seaport Global Securities was of a view that HK is Neutral in its latest report on December 10th, 2018 while giving it a price target of $3. JP Morgan thinks that HK is worth Underweight rating. This was contained in the firm’s report on December 7th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $3.39. The price of the stock the last time has dropped by -4.45% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 15.94.
The shares of the company dipped by -16.08% during the trading session on Wednesday, reaching a low of $0.2617 while ending the day at $0.28. During the trading session, a total of 11.73 million shares were traded which represents a -104.27% decline from the average session volume which is 5.74M shares. HK had ended its last session trading at 0.33. Halcon Resources Corporation currently has a market cap of $89.18M, while its P/E ratio stands at 0.98, while its P/E earnings growth sits at 0.39, with a beta of 3.59. Halcon Resources Corporation debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 0.90. HK 52-week low price stands at $0.29 while its 52-week high price is $5.89.
The company in its last quarterly report recorded -$0.01 earnings per share which is above the -$0.09 predicted by most analysts. The Halcon Resources Corporation generated $51.92 million in revenue during the last quarter, which is slightly lower than the $57.41 million predicted by analysts. In the second quarter last year, the firm recorded -$0.09 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -800%. Halcon Resources Corporation has the potential to record 0.28 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on March 11th, 2019 where it informed investors and clients that Transocean Ltd. (NYSE:RIG) is now rated as Buy. Their price target on the stock stands at $11. Imperial Capital also rated RIG as Downgrade on February 26th, 2019, with its price target of $2 suggesting that RIG could surge by 42.02% from its current share price. Even though the stock has been trading at $7.39/share, analysts expect it to surge higher by 0.27% to reach $12.78/share. It started the day trading at $7.52 and traded between $7.23 and $7.41 throughout the trading session.
A look at its technical shows that RIG’s 50-day SMA is 8.61 while its 200-day SMA stands at 9.84. At the moment, only of Transocean Ltd. shares were sold short. The company’s average trading volume currently stands at 13.69M shares, which means that the short-interest ratio is just 3.90 days. Over the past seven days, the company moved, with its shift of -2.37%. Looking further, the stock has dropped -11.26% over the past 90 days while it lost -29.63% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more RIG shares, increasing its portfolio by +25.83% during the last quarter. This move now sees The Vanguard Group Inc purchasing 9,975,728 shares in the last quarter, thus it now holds 48,590,693 shares of RIG, with a total valuation of $381,922,847. BlackRock Fund Advisors meanwhile bought more RIG shares in the recently filed quarter, changing its stake to $341,841,610 worth of shares. PRIMECAP Management Co followed the path by increasing its RIG portfolio by +5.15% in the quarter. This means that PRIMECAP Management Co bought 1,655,800 shares in the last quarter and now controls 33,824,639 shares of the RIG stock, with the valuation hitting $265,861,663.
Similarly, Contrarius Investment Management decreased its Transocean Ltd. shares by +0.00% during the recently filed quarter. After selling 772 shares in the last quarter, the firm now controls 15,833,419 shares of Transocean Ltd. which are valued at $124,450,673. In the same vein, Elliott Management Corp decreased its Transocean Ltd. shares by during the most recent reported quarter. The firm sold -3,566,523 shares during the quarter which decreased its stakes to 14,928,064 shares and is now valued at $117,334,583. Following these latest developments, around 0.20% of Transocean Ltd. stocks are owned by institutional investors and hedge funds.