The 10-second takeaway
For the quarter ended March 31 (Q1), Halcón Resources met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share increased. GAAP earnings per share grew.
Margins expanded across the board.
Halcón Resources recorded revenue of $190.7 million. The 10 analysts polled by S&P Capital IQ expected to see sales of $191.6 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $26.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. Non-GAAP EPS were $0.05 for Q1 against -$0.04 per share for the prior-year quarter. GAAP EPS were $0.01 for Q1 versus -$0.50 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 85.8%, much better than the prior-year quarter. Operating margin was 17.2%, much better than the prior-year quarter. Net margin was 2.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $210.9 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $0.31.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 292 members out of 308 rating the stock outperform, and 16 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Halcón Resources a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halcón Resources is outperform, with an average price target of $10.63.
Is Halcón Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Halcón Resources to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.