Media headlines about Halcon Resources (NYSE:HK) have been trending somewhat negative recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog 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 news impact score of -0.01 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 46.6316939820833 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- New York helicopter crash: Victim’s parents sue pilot, tour company for negligence (whio.com)
- Cathay showed gains in cargo loads, but passengers lagged (finance.yahoo.com)
- Halcon Resources Co. (HK) CEO Buys $261,000.00 in Stock (americanbankingnews.com)
- $45.87 Million in Sales Expected for Halcon Resources Co. (HK) This Quarter (americanbankingnews.com)
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Wednesday. Imperial Capital reaffirmed an “outperform” rating and set a $9.00 price objective (down previously from $12.00) on shares of Halcon Resources in a research note on Friday, March 2nd. ValuEngine cut shares of Halcon Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Stephens reaffirmed a “buy” rating and set a $13.00 price objective on shares of Halcon Resources in a research note on Monday, February 26th. Finally, Bank of America dropped their target price on shares of Halcon Resources from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.29.
Shares of Halcon Resources (NYSE HK) traded down $0.07 during trading on Wednesday, reaching $5.36. 1,930,000 shares of the company’s stock traded hands, compared to its average volume of 4,020,000. Halcon Resources has a twelve month low of $3.68 and a twelve month high of $9.07. The company has a market capitalization of $861.13, a price-to-earnings ratio of 1.47 and a beta of 3.97. The company has a current ratio of 3.14, a quick 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 (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The company had revenue of $25.28 million for the quarter, compared to the consensus estimate of $27.11 million. Halcon Resources had a net margin of 141.73% and a negative return on equity of 2.12%. The company’s revenue for the quarter was down 80.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. analysts anticipate that Halcon Resources will post 0.12 EPS for the current year.
In other Halcon Resources news, Director Darryl Schall acquired 7,000 shares of the stock in a transaction dated Monday, March 5th. The stock was purchased at an average cost of $5.48 per share, for a total transaction of $38,360.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ares Management Llc acquired 1,113,466 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $6.90 per share, with a total value of $7,682,915.40. Following the completion of the acquisition, the director now owns 53,114 shares in the company, valued at approximately $366,486.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,170,466 shares of company stock valued at $7,982,275 and sold 5,085,383 shares valued at $41,942,812. Insiders own 53.90% of the company’s stock.
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About Halcon Resources
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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