Halcon Resources Co. (NYSE:HK) CEO Floyd C. Wilson purchased 50,000 shares of the stock in a transaction dated Friday, March 9th. The stock was bought at an average cost of $5.22 per share, with a total value of $261,000.00. Following the completion of the purchase, the chief executive officer now owns 1,669,486 shares in the company, valued at $8,714,716.92. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Halcon Resources Co. (NYSE HK) opened at $5.45 on Tuesday. Halcon Resources Co. has a 52 week low of $3.68 and a 52 week high of $9.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.14 and a current ratio of 3.14. The stock has a market capitalization of $843.68, a P/E ratio of 1.48 and a beta of 3.97.
Halcon Resources (NYSE:HK) last posted its earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Halcon Resources had a negative return on equity of 2.12% and a net margin of 141.73%. The business had revenue of $25.28 million for the quarter, compared to the consensus estimate of $27.11 million. During the same period in the previous year, the company posted $0.66 earnings per share. Halcon Resources’s revenue for the quarter was down 80.6% compared to the same quarter last year. analysts anticipate that Halcon Resources Co. will post 0.12 earnings per share for the current year.
A number of brokerages have recently commented on HK. Imperial Capital reaffirmed an “outperform” rating and issued a $9.00 price target (down from $12.00) on shares of Halcon Resources in a research note on Friday, March 2nd. Zacks Investment Research cut Halcon Resources from a “hold” rating to a “sell” rating in a research note on Friday, March 2nd. ValuEngine cut Halcon Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Roth Capital set a $13.00 target price on Halcon Resources and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Halcon Resources has an average rating of “Hold” and a consensus target price of $10.29.
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.
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