Media coverage about Halcon Resources (NYSE:HK) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Halcon Resources earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 46.0564204564432 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.
Here are some of the media headlines that may have effected Accern’s rankings:
- Tracking Technical Indicators on Halcon Resources Corporation (HK) (wallstreetmorning.com)
- Who’s next in Permian? 2 Tulsa companies could be target for acquisition (tulsaworld.com)
- Head to Head Comparison: Halcon Resources (HK) & The Competition (americanbankingnews.com)
- Critical Contrast: Halcon Resources (HK) versus Its Competitors (americanbankingnews.com)
- Roth Capital Reiterates “$13.00” Price Target for Halcon Resources (HK) (americanbankingnews.com)
A number of research analysts have commented on HK shares. Roth Capital set a $13.00 target price on Halcon Resources and gave the stock a “buy” rating in a report on Tuesday, January 16th. Stephens reissued a “buy” rating and issued a $13.00 price target on shares of Halcon Resources in a report on Monday, February 26th. TheStreet downgraded Halcon Resources from a “c-” rating to a “d+” rating in a report on Tuesday, March 20th. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, Bank of America cut their price target on Halcon Resources from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.29.
Halcon Resources (NYSE:HK) last announced its quarterly earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The company had revenue of $25.28 million during the quarter, compared to the consensus estimate of $27.11 million. Halcon Resources had a negative return on equity of 2.12% and a net margin of 141.73%. The company’s revenue for the quarter was down 80.6% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. equities analysts forecast that Halcon Resources will post 0.11 earnings per share for the current fiscal year.
In other Halcon Resources news, CEO Floyd C. Wilson bought 50,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were purchased at an average price of $5.22 per share, with a total value of $261,000.00. Following the purchase, the chief executive officer now directly owns 1,669,486 shares of the company’s stock, valued at $8,714,716.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Franklin Resources Inc sold 708,173 shares of Halcon Resources stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $8.08, for a total value of $5,722,037.84. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,170,466 shares of company stock worth $7,982,275 and have sold 4,816,052 shares worth $39,859,114. 53.90% of the stock is owned by insiders.
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.
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