Halcon Resources Corporation was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven after the company declared its plans to restart drilling in the El Halcon area of East Texas Eagle Ford in early 2017. The company also provided the preliminary guidance for 2017. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the downtrend for the company as the stock is now down 14% in the past one-month time frame.

The company has seen one positive estimate revision in the last 30 days, while the Zacks Consensus Estimate also moved higher. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Halcon Resources carries a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

HALCON RESOURCS Price

 

HALCON RESOURCS Price | HALCON RESOURCS Quote

A better-ranked stock in the same industry is Newfield Exploration Company , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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