Halcon Resources (HK) Getting Somewhat Favorable Media Coverage, Study Shows

Media headlines about Halcon Resources (NYSE:HK) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Halcon Resources earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 45.835949948438 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Halcon Resources (HK) traded up $0.05 on Monday, hitting $5.37. 1,377,780 shares of the stock traded hands, compared to its average volume of 3,391,970. Halcon Resources has a twelve month low of $3.68 and a twelve month high of $9.07. The firm has a market capitalization of $843.68, a P/E ratio of 1.46 and a beta of 3.97. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.38.

Halcon Resources (NYSE:HK) last announced its earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Halcon Resources had a negative return on equity of 2.12% and a net margin of 141.73%. The business had revenue of $25.28 million for the quarter, compared to analyst estimates of $27.11 million. During the same quarter last year, the company posted $0.66 EPS. Halcon Resources’s quarterly revenue was down 80.6% on a year-over-year basis. sell-side analysts forecast that Halcon Resources will post 0.12 earnings per share for the current fiscal year.

HK has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. ValuEngine downgraded shares of Halcon Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Imperial Capital restated an “outperform” rating and issued a $9.00 price objective (down previously from $12.00) on shares of Halcon Resources in a research note on Friday, March 2nd. TheStreet upgraded shares of Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Finally, Roth Capital set a $13.00 price objective on shares of Halcon Resources and gave the company a “buy” rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.29.

In other news, Director Darryl Schall purchased 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $5.48 per share, with a total value of $38,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Franklin Resources Inc sold 334,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $7.71, for a total transaction of $2,575,140.00. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,170,466 shares of company stock valued at $7,982,275 and have sold 5,419,383 shares valued at $44,517,952. 53.90% of the stock is currently owned by corporate insiders.

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Halcon Resources Company Profile

Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.

Insider Buying and Selling by Quarter for Halcon Resources (NYSE:HK)

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