News headlines about Halcon Resources (NYSE:HK) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Halcon Resources earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 48.1704185104 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Halcon Resources Corp (HK) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Stocks are blowing up: Halcon Resources Corporation (NYSE:HK), American Axle & Manufacturing Holdings, Inc … (journalfinance.net)
- Notable Trader’s Buzzers: Netflix, Inc., (NASDAQ: NFLX), Halcon Resources Corporation, (NYSE: HK) (globalexportlines.com)
- Hot Performer of the day: Halcon Resources Corporation (NYSE:HK) (newburghpress.com)
- Will these Ever Shine Again? Halcon Resources Corporation (HK), Wyndham Destinations, Inc. (WYND) (nmsunews.com)
Shares of Halcon Resources stock traded up $0.14 during trading hours on Friday, reaching $4.80. The company had a trading volume of 4,964,856 shares, compared to its average volume of 4,155,199. The firm has a market capitalization of $779.18 million, a P/E ratio of -32.00 and a beta of 4.25. Halcon Resources has a one year low of $3.56 and a one year high of $9.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.87 and a quick ratio of 0.87.
Halcon Resources (NYSE:HK) last posted its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.18. Halcon Resources had a negative return on equity of 1.03% and a net margin of 135.43%. The company had revenue of $55.40 million during the quarter, compared to analyst estimates of $56.07 million. The company’s quarterly revenue was down 53.9% compared to the same quarter last year. sell-side analysts expect that Halcon Resources will post -0.03 earnings per share for the current fiscal year.
HK has been the subject of several analyst reports. ValuEngine raised Halcon Resources from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 29th. JPMorgan Chase & Co. assumed coverage on Halcon Resources in a research note on Wednesday, July 25th. They issued a “neutral” rating and a $6.00 price objective for the company. Zacks Investment Research downgraded Halcon Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 11th. Bank of America decreased their price target on Halcon Resources from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Finally, Imperial Capital decreased their target price on Halcon Resources from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, June 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.00.
In other news, Director Ares Management Llc sold 350,000 shares of Halcon Resources stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $3.90, for a total value of $1,365,000.00. Following the transaction, the director now owns 86,857 shares in the company, valued at $338,742.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.
About Halcon Resources
Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.
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