The shares of Halcon Resources Corporation (NYSE:HK) has been pegged with a rating of Underperform by BofA/Merrill in its latest research note that was published on January 4th, 2019. BofA/Merrill 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. CapitalOne advised investors in its research note published on December 20th, 2018, to Underweight the HK stock. The stock had earned Neutral rating from Seaport Global Securities when it published its report on December 10th, 2018. That day the Seaport Global Securities set price target on the stock to $3. The stock was given Underweight rating by JP Morgan in its report released on December 7th, 2018. Imperial Capital was of a view that HK is Outperform in its latest report on August 3rd, 2018 while giving it a price target of $5. JP Morgan thinks that HK is worth Neutral rating. This was contained in the firm’s report on July 25th, 2018 in which the stock’s price target was also moved to $6.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 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 $5.56. The price of the stock the last time has raised by 30.77% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.25.
The shares of the company dipped by -5.56% during the trading session on Friday, reaching a low of $1.8 while ending the day at $1.87. During the trading session, a total of 6.03 million shares were traded which represents a -12.17% decline from the average session volume which is 5.38M shares. HK had ended its last session trading at 1.98. Halcon Resources Corporation currently has a market cap of $318.11M, while its P/E ratio stands at 2.99, while its P/E earnings growth sits at 1.66, with a beta of 4.18. Halcon Resources Corporation debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 0.30. HK 52-week low price stands at $1.43 while its 52-week high price is $9.07.
The company in its last quarterly report recorded -$0.06 earnings per share which is below the -$0.06 predicted by most analysts. The Halcon Resources Corporation generated $61.60 million in revenue during the last quarter, which is slightly higher than the $54.64 million predicted by analysts. In the second quarter last year, the firm recorded $0.15 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 350%. Halcon Resources Corporation has the potential to record 0.63 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on December 7th, 2018 where it informed investors and clients that The Kroger Co. (NYSE:KR) is now rated as Buy. Their price target on the stock stands at $37. CapitalOne also rated KR as Downgrade on December 20th, 2018, with its price target of $100 suggesting that KR could surge by 8.79% from its current share price. Even though the stock has been trading at $28.48/share, analysts expect it to surge higher by -0.18% to reach $31.17/share. It started the day trading at $28.735 and traded between $28.22 and $28.43 throughout the trading session.
A look at its technical shows that KR’s 50-day SMA is 29.26 while its 200-day SMA stands at 27.92. The stock has a high of $32.74 for the year while the low is $22.85. The company’s P/E ratio currently sits at 8.63, while the P/B ratio is 2.96. The company’s average trading volume currently stands at 7.72M shares, which means that the short-interest ratio is just 5.23 days. Over the past seven days, the company moved, with its shift of 2.78%. Looking further, the stock has raised 2.52% over the past 90 days while it gained 1.72% 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 KR shares, increasing its portfolio by +1.10% during the last quarter. This move now sees The Vanguard Group Inc purchasing 705,319 shares in the last quarter, thus it now holds 64,675,355 shares of KR, with a total valuation of $1,778,572,263. BlackRock Fund Advisors meanwhile sold more KR shares in the recently filed quarter, changing its stake to $1,028,618,608 worth of shares. SSgA Funds Management Inc followed the path by increasing its KR portfolio by +2.72% in the quarter. This means that SSgA Funds Management Inc bought 954,322 shares in the last quarter and now controls 35,994,705 shares of the KR stock, with the valuation hitting $989,854,388.
Similarly, LSV Asset Management increased its The Kroger Co. shares by +24.04% during the recently filed quarter. After buying 3,812,207 shares in the last quarter, the firm now controls 19,668,821 shares of The Kroger Co. which are valued at $540,892,578. In the same vein, Fidelity Management Research Co increased its The Kroger Co. shares by during the most recent reported quarter. The firm bought 7,369,654 shares during the quarter which increased its stakes to 17,558,794 shares and is now valued at $482,866,835. Following these latest developments, around 0.70% of The Kroger Co. stocks are owned by institutional investors and hedge funds.