Halcon Resources Corporation (HK) Getting Somewhat Positive Media Coverage, Report Finds

News coverage about Halcon Resources Corporation (NYSE:HK) has trended somewhat positive this week, according to Alpha One. Alpha One, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Halcon Resources Corporation earned a coverage optimism score of 0.17 on Alpha One’s scale. Alpha One also gave media headlines about the energy company an impact score of 61 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Alpha One’s analysis:

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

A number of brokerages recently commented on HK. Johnson Rice upgraded Halcon Resources Corporation from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 1st. Barclays PLC reiterated a “sell” rating and issued a $9.00 price objective on shares of Halcon Resources Corporation in a research report on Friday, March 3rd. Scotiabank set a $15.00 price objective on Halcon Resources Corporation and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Zacks Investment Research lowered Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 5th. Finally, Seaport Global Securities restated a “buy” rating and set a $10.00 target price on shares of Halcon Resources Corporation in a research report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.04.

Shares of Halcon Resources Corporation (NYSE:HK) traded down 3.70% during trading on Friday, hitting $4.43. The company had a trading volume of 9,064,233 shares. The stock has a 50-day moving average of $6.33 and a 200 day moving average of $7.83. The stock has a market capitalization of $404.34 million, a price-to-earnings ratio of 1.90 and a beta of 3.83. Halcon Resources Corporation has a 12-month low of $4.18 and a 12-month high of $18.62.

Halcon Resources Corporation (NYSE:HK) last released its earnings results on Wednesday, May 3rd. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. Halcon Resources Corporation had a positive return on equity of 725.38% and a negative net margin of 168.09%. The business had revenue of $135.60 million during the quarter, compared to analysts’ expectations of $144.13 million. On average, analysts predict that Halcon Resources Corporation will post $0.36 EPS for the current fiscal year.

In other news, Director Sylvia K. Barnes acquired 20,000 shares of Halcon Resources Corporation stock in a transaction on Wednesday, June 14th. The stock was purchased at an average price of $5.34 per share, with a total value of $106,800.00. Following the completion of the purchase, the director now owns 23,757 shares of the company’s stock, valued at approximately $126,862.38. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Franklin Resources Inc sold 746,173 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $6.07, for a total value of $4,529,270.11. The disclosure for this sale can be found here. Insiders have sold 895,245 shares of company stock valued at $5,663,206 in the last ninety days. 2.80% of the stock is currently owned by insiders.

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Halcon Resources Corporation 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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