Why Halcon Resources (HK) Could Be Positioned for a Surge? - Tale of the Tape

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Halcon Resources Corp. HK is an oil & gas exploration and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HK's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Halcon Resources could be a solid choice for investors.

Current Quarter Estimates for HK

In the past 30 days, 3 estimates have gone higher for Halcon Resources while 3 have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 3 cents a share 30 days ago, to 4 cents today, a move of 33.3%.

Current Year Estimates for HK

Meanwhile, Halcon Resources' current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to 1 moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 13 cents per share 30 days ago to 15 cents per share today, an increase of 15.4%.

Bottom Line

The stock has also started to move higher lately, adding 9.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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HALCON RESOURCS HK: Free Stock Analysis Report

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