Somewhat Positive Media Coverage Somewhat Unlikely to Impact Halcon Resources (HK) Share Price

News headlines about Halcon Resources (NYSE:HK) have trended somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Halcon Resources earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 45.9522031838853 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s rankings:

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HK stock opened at $4.87 on Friday. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.38. The company has a market cap of $743.77, a P/E ratio of 1.32 and a beta of 3.97. Halcon Resources has a 52 week low of $3.68 and a 52 week high of $9.07.

Halcon Resources (NYSE:HK) last posted its quarterly earnings results on Wednesday, February 28th. The energy company reported ($0.12) 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. analysts anticipate that Halcon Resources will post 0.11 earnings per share for the current year.

HK has been the subject of several recent analyst reports. ValuEngine cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Roth Capital set a $13.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Bank of America decreased their target price on shares of Halcon Resources from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Finally, Stephens restated a “buy” rating and set a $13.00 price target on shares of Halcon Resources in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Halcon Resources presently has an average rating of “Hold” and a consensus target price of $10.29.

In other Halcon Resources news, Director Ares Management Llc acquired 1,113,466 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $6.90 per share, with a total value of $7,682,915.40. Following the completion of the transaction, the director now owns 53,114 shares in the company, valued at $366,486.60. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Floyd C. Wilson acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $5.22 per share, for a total transaction of $261,000.00. Following the transaction, the chief executive officer now owns 1,669,486 shares of the company’s stock, valued at approximately $8,714,716.92. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 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 currently owned by company insiders.

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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.

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

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