Markets

Halcon Resources (HK) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Halcon Resources (HK) closed at $2.97, marking a -1.66% move from the previous day. This change lagged the S&P 500's 0.22% gain on the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq lost 0.15%.

Coming into today, shares of the independent energy company had lost 23.93% in the past month. In that same time, the Oils-Energy sector lost 7.66%, while the S&P 500 lost 0.57%.

Wall Street will be looking for positivity from HK as it approaches its next earnings report date. This is expected to be February 27, 2019. On that day, HK is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 66.67%. Meanwhile, our latest consensus estimate is calling for revenue of $71.79 million, up 184% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.04 per share and revenue of $231.20 million, which would represent changes of +73.33% and -38.83%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for HK. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 50% higher. HK is holding a Zacks Rank of #3 (Hold) right now.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 33% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.