NEW YORK (TheStreet) -- Shares of Halcon Resources (HK) were up 1.54% to $3.29 in morning trading on Monday ahead of the energy company's scheduled third-quarter earnings report after the market close. Here's what analysts are expecting.
The consensus estimate calls for Halcon to report earnings of 6 cents a share on revenue of $317.69 million. In the third quarter last year, the company posted earnings of 4 cents a share, which came up short of the estimate of 6 cents a share from analysts polled by Thomson Reuters. But revenue totaled $305.01 million, which easily beat analysts' expectations of $267.98 million.
In the second quarter 2014, Halcon reported earnings of 7 cents a share to beat the consensus estimate of 4 cents a share. Revenue totaled $327.14 million, which handily surpassed analysts' expectations of $304.49 million.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates HALCON RESOURCES CORP as a "hold" with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HALCON RESOURCES CORP (HK) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."