Halcon Resources (NYSE:HK) Receives Daily Coverage Optimism Score of -0.01

Headlines about Halcon Resources (NYSE:HK) have trended somewhat negative recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Halcon Resources earned a daily sentiment score of -0.01 on Accern’s scale. Accern also assigned news 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.

These are some of the news articles that may have effected Accern’s scoring:

A number of analysts have recently weighed in on HK shares. Zacks Investment Research downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. ValuEngine downgraded shares of Halcon Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Imperial Capital reaffirmed an “outperform” rating and issued a $9.00 target price (down from $12.00) on shares of Halcon Resources in a research report on Friday, March 2nd. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Finally, Roth Capital set a $13.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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 were exchanged, compared to its average volume of 4,020,000. The company has a market cap of $861.13, a PE ratio of 1.47 and a beta of 3.97. Halcon Resources has a 52 week low of $3.68 and a 52 week high of $9.07. 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 quarterly earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.07). The firm 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 business’s revenue for the quarter was down 80.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. research analysts anticipate that Halcon Resources will post 0.12 earnings per share for the current fiscal year.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 800,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $8.57, for a total transaction of $6,856,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ares Management Llc bought 1,113,466 shares of the stock in a transaction on Friday, February 9th. The shares were bought at an average price of $6.90 per share, for a total transaction of $7,682,915.40. Following the purchase, the director now directly owns 53,114 shares in the company, valued at approximately $366,486.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,170,466 shares of company stock worth $7,982,275 and have sold 5,085,383 shares worth $41,942,812. 53.90% of the stock is currently owned by corporate insiders.

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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.

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

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