Media stories about Halcon Resources (NYSE:HK) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.06 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 46.0769765855608 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Infectious to Cheers up Sector on Leading Facts: Halcon Resources Corporation (NYSE:HK) – Stock News Stop (stockmarketstop.com)
- Are These Going Behind the Curtain? Halcon Resources Corporation (HK), Matador Resources Company (MTDR) – Market Movers (financialqz.com)
- Stupefying Stocks: L Brands, Inc., (NYSE: LB), Halcon Resources Corporation, (NYSE: HK), Senseonics Holdings, Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- Beta Factor under Consideration – Halcon Resources Corporation, (NYSE: HK) – Stock Watch (stocksnewstimes.com)
- Most Shocking Stock Movements: Extreme Networks, Inc. (EXTR), Halcon Resources Corporation (HK) – Market Movers (financialqz.com)
Halcon Resources (NYSE HK) opened at $7.16 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.91 and a current ratio of 1.91. Halcon Resources has a 1 year low of $3.68 and a 1 year high of $10.30. The firm has a market cap of $1,040.00, a price-to-earnings ratio of 10.85 and a beta of 4.03.
Halcon Resources (NYSE:HK) last posted its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. The firm had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. The company’s revenue for the quarter was up 319.6% compared to the same quarter last year. equities research analysts expect that Halcon Resources will post -0.02 EPS for the current fiscal year.
Several equities analysts have weighed in on the stock. ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. Bank of America boosted their target price on shares of Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Roth Capital set a $9.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $9.88.
In other news, major shareholder Franklin Resources Inc sold 329,743 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $6.67, for a total value of $2,199,385.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 11,116,337 shares of company stock worth $72,995,519. Company insiders own 53.90% of the company’s stock.
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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