Petrohawk Energy (HK) Given New $38.00 Price Target by Citigroup (C) Analysts.
Friday, July 15, 2021 12:11 PM

Equities research analysts at Citigroup (NYSE: C) boosted their price target on shares of Petrohawk Energy (NYSE: HK) to $38.00 in a research note to investors on Friday.

Separately, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Petrohawk Energy from $36.00 to $39.00 in a research note to investors on Friday. They now have an "outperform" rating on the stock. Also, analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of Petrohawk Energy from an "outperform" rating to a "market perform" rating in a research note to investors on Friday.

Shares of Petrohawk Energy traded up 62.58% during mid-day trading on Monday, hitting $38.19. Petrohawk Energy has a 52 week low of $14.32 and a 52 week high of $27.30. The stock's 50-day moving average is $24.63 and its 200-day moving average is $22.74. The company has a market cap of $11.602 billion and a price-to-earnings ratio of 225.87.

Petrohawk Energy last announced its quarterly results on Thursday, May 5th. The company reported $0.15 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.14 EPS by $0.01. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 12.30% on a year-over-year basis. On average, analysts predict that Petrohawk Energy will post $0.27 EPS next quarter.

Petrohawk Energy Corporation is an independent oil and natural gas company engaged in the exploration, development and production of predominately natural gas properties located onshore in the United States. Its business consists of an oil and natural gas segment, and a midstream segment. Its oil and natural gas properties are concentrated in four domestic shale plays. It operates in two principal regions: the Mid-Continent, which includes its Louisiana, Arkansas and East Texas properties, and the Western, which includes its South Texas and Oklahoma properties. Its midstream segment consists of its gathering subsidiary, Hawk Field Services, LLC, which is responsible for gathering and treating natural gas for the Company and third parties. In May 2010, the Company completed a 50/50 joint venture with Kinder Morgan Energy Partners, L.P. (Kinder Morgan) involving the Company's midstream business in the Haynesville Shale, and the sale of Terryville Field.

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