Halcon Resources (NYSE:HK) shares traded on -1.82% below secure line and closed at $3.77. The stock exchanged hands 9.52 Million shares versus average trading capacity of 4.96 Million shares. It has a market cap of $595.45 Million.
Wall Street analysts are predicting that Halcon Resources (NYSE:HK) will report earnings per share of $-0.03 in their quarterly report. For the current quarter Halcon Resources (NYSE:HK) has high EPS estimates of $0.02 in contradiction of low EPS estimates of $-0.06. However a year ago for the same quarter the company has reported $-0.06 EPS. Average estimation for the current quarter has been provided by 9 analysts.
Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Halcon Resources (NYSE:HK) reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.05 by $0.2 with surprise factor of 400%.
Halcon Resources (NYSE:HK) has average revenue estimates of $68.65 Million, compared to low analyst estimates of $60.2 Million and high estimates of $78.95 Million for the current quarter. A total number of 7 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $247.7 Million compared to low analyst estimates of $218.1 Million and high estimates of $277 Million according to the prediction of 8 analysts.
Taking a broader look at the analyst consensus, according to 10 analysts Halcon Resources (NYSE:HK)’s price will reach at $8.76 during 52 weeks. Its minimum price target estimates has been figured out at $6 while the maximum price target forecast is established at $13.6.
On the other hand Halcon Resources (NYSE:HK) has Relative Strength Index (RSI 14) of 42.69 along with Average True Range (ATR 14) of 0.24. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.
Consequently Halcon Resources (NYSE:HK)’s weekly and monthly volatility is 9.03%, 6.10% respectively.