Halcón Resources (HK) Reaches $5.36 After 5.00% Up Move; Global Payments (GPN) Sentiment Is 1.18

April 18, 2018 - By Peter Erickson

Halcón Resources Corporation (NYSE:HK) Logo

Global Payments Inc (GPN) investors sentiment increased to 1.18 in 2017 Q4. It’s up 0.10, from 1.08 in 2017Q3. The ratio is better, as 199 investment professionals opened new or increased equity positions, while 168 sold and reduced positions in Global Payments Inc. The investment professionals in our database now have: 150.74 million shares, down from 155.40 million shares in 2017Q3. Also, the number of investment professionals holding Global Payments Inc in top ten equity positions decreased from 6 to 3 for a decrease of 3. Sold All: 31 Reduced: 137 Increased: 149 New Position: 50.

The stock of Halcón Resources Corporation (NYSE:HK) is a huge mover today! The stock increased 4.08% or $0.21 during the last trading session, reaching $5.36. About 806,048 shares traded. Halcón Resources Corporation (NYSE:HK) has declined 33.00% since April 18, 2017 and is downtrending. It has underperformed by 44.55% the S&P500.The move comes after 5 months positive chart setup for the $856.13M company. It was reported on Apr, 18 by Barchart.com. We have $5.63 PT which if reached, will make NYSE:HK worth $42.81 million more.

Among 14 analysts covering Halcon Resources Corp (NYSE:HK), 11 have Buy rating, 1 Sell and 2 Hold. Therefore 79% are positive. Halcon Resources Corp had 30 analyst reports since August 28, 2015 according to SRatingsIntel. As per Friday, June 2, the company rating was maintained by Roth Capital. Roth Capital maintained the shares of HK in report on Tuesday, January 16 with “Buy” rating. As per Tuesday, October 17, the company rating was initiated by Bank of America. CapitalOne upgraded Halcón Resources Corporation (NYSE:HK) on Wednesday, January 25 to “Overweight” rating. The stock of Halcón Resources Corporation (NYSE:HK) has “Strong-Buy” rating given on Friday, August 28 by Vetr. Bank of America maintained the stock with “Neutral” rating in Friday, November 10 report. The company was downgraded on Thursday, January 28 by Wunderlich. On Wednesday, March 9 the stock rating was downgraded by Stifel Nicolaus to “Sell”. The stock has “Hold” rating by Wunderlich on Tuesday, September 13. The company was upgraded on Tuesday, November 15 by Wunderlich.

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company has market cap of $856.13 million. The firm primarily holds interests in approximately 116,000 net acres, as well as 300 producing wells in the Bakken/Three Forks formations in North Dakota; and 20,901 net acres in the Southern Delaware Basin in Pecos and Reeves Counties, Texas, as well as has an option to acquire approximately 15,040 net acres in Ward and Winkler Counties, Texas. It has a 1.47 P/E ratio. As of December 31, 2016, it had estimated proved reserves of approximately 148.6 million barrels of oil equivalent comprising 119.6 million barrels of crude oil, 15.6 million barrels of natural gas liquids, and 80.2 billion cubic feet of natural gas.

Analysts await Halcón Resources Corporation (NYSE:HK) to report earnings on May, 2. They expect $-0.01 EPS, down 116.67% or $0.07 from last year’s $0.06 per share. After $-0.12 actual EPS reported by Halcón Resources Corporation for the previous quarter, Wall Street now forecasts -91.67% EPS growth.

The stock increased 0.39% or $0.44 during the last trading session, reaching $112.35. About 200,969 shares traded. Global Payments Inc. (GPN) has risen 42.24% since April 18, 2017 and is uptrending. It has outperformed by 30.69% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 15 sales for $5.62 million activity.

Sandhill Capital Partners Llc holds 4.33% of its portfolio in Global Payments Inc. for 242,773 shares. Paradice Investment Management Llc owns 538,399 shares or 3.95% of their US portfolio. Moreover, Jlb & Associates Inc has 2.36% invested in the company for 108,479 shares. The Arizona-based Stellar Capital Management Llc has invested 2.34% in the stock. Chase Investment Counsel Corp, a Virginia-based fund reported 40,738 shares.

Analysts await Global Payments Inc. (NYSE:GPN) to report earnings on May, 3 before the open. They expect $1.06 earnings per share, up 30.86% or $0.25 from last year’s $0.81 per share. GPN’s profit will be $169.09M for 26.50 P/E if the $1.06 EPS becomes a reality. After $1.07 actual earnings per share reported by Global Payments Inc. for the previous quarter, Wall Street now forecasts -0.93% negative EPS growth.

Ratings analysis reveals 78% of Global Payment’s analysts are positive. Out of 9 Wall Street analysts rating Global Payment, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $76.0 while the high is $88.0. The stock’s average target of $82.57 is -26.51% below today’s ($112.35) share price. GPN was included in 9 notes of analysts from September 9, 2016. The stock has “Hold” rating by Stifel Nicolaus on Friday, October 7. The firm has “Outperform” rating given on Tuesday, January 10 by RBC Capital Markets. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Tuesday, December 20 by Guggenheim. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, September 15 report. Cantor Fitzgerald initiated the shares of GPN in report on Friday, January 27 with “Overweight” rating. The firm has “Buy” rating given on Tuesday, November 15 by Compass Point. Deutsche Bank maintained Global Payments Inc. (NYSE:GPN) rating on Thursday, October 6. Deutsche Bank has “Buy” rating and $85.0 target. The stock has “Outperform” rating by Wedbush on Friday, September 9. Barclays Capital maintained it with “Equal Weight” rating and $85.0 target in Friday, September 30 report.

Global Payments Inc. provides payment solutions for credit cards, debit cards, electronic payments, and check-related services. The company has market cap of $17.92 billion. It operates in three divisions: North America, Europe, and Asia-Pacific. It has a 37.33 P/E ratio. The companyÂ’s services include authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, on-line reporting, industry compliance, and payment card industry security services.

Global Payments Inc. (NYSE:GPN) Institutional Positions Chart

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