News stories about Halcon Resources (NYSE:HK) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Halcon Resources earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 46.9039205031804 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Just the Facts on: Nabors Industries Ltd., (NYSE: NBR), Halcon Resources Corporation, (NYSE: HK), Vulcan Materials … – Stocks In The News (press release) (tradingnewsnow.com)
- Hot Tickers: Keryx Biopharmaceuticals, Inc. (KERX), Halcon Resources Corporation (HK) – Market Movers (financialqz.com)
- What’s Happening with these Oil & Gas Stocks? — Rowan, Halcon Resources, Transocean, and Helmerich & Payne – PR Newswire (press release) (prnewswire.com)
- Is Standing to Counter Long-Term Compulsion: Halcon Resources Corporation (NYSE:HK) – Stock News Stop (stockmarketstop.com)
- Halcon Resources Corporation (NYSE: HK) – Hot Stock’s Watch List – Alpha Beta Stock (alphabetastock.com)
A number of analysts recently issued reports on HK shares. Johnson Rice upgraded shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine lowered shares of Halcon Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet upgraded shares of Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Finally, Bank of America started coverage on shares of Halcon Resources in a report on Monday, October 16th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Halcon Resources has a consensus rating of “Buy” and an average price target of $9.88.
Halcon Resources (NYSE HK) opened at $7.49 on Wednesday. The firm has a market cap of $1,120.47, a price-to-earnings ratio of 11.35 and a beta of 4.03. Halcon Resources has a 1-year low of $3.68 and a 1-year high of $10.30. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35.
Halcon Resources (NYSE:HK) last posted its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). The business had revenue of $96.95 million for the quarter, compared to analyst estimates of $97.34 million. Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. The business’s revenue for the quarter was up 319.6% on a year-over-year basis. equities research analysts expect that Halcon Resources will post -0.03 earnings per share for the current year.
In related news, major shareholder Franklin Resources Inc sold 175,000 shares of Halcon Resources stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $7.07, for a total transaction of $1,237,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 9,981,339 shares of company stock worth $65,831,132 in the last 90 days. Company 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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