Halcon Resources (HK) Receiving Somewhat Favorable Press Coverage, Study Shows
News stories about Halcon Resources (NYSE:HK) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 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 news impact score of 0.04 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 47.6551019887799 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Research Analysts Issue Forecasts for Halcon Resources Co.’s FY2018 Earnings (HK) (americanbankingnews.com)
- Imperial Capital Equities Analysts Raise Earnings Estimates for Halcon Resources Co. (HK) (americanbankingnews.com)
- Halcon Resources Co. (HK) Director Ares Management Llc Acquires 1,113,466 Shares (americanbankingnews.com)
- Research Analysts Set Expectations for Halcon Resources Co.’s Q2 2018 Earnings (HK) (americanbankingnews.com)
- Halcon Resources Co. (HK) Expected to Post Q1 2018 Earnings of $0.01 Per Share (americanbankingnews.com)
Halcon Resources (NYSE HK) opened at $7.05 on Thursday. The firm has a market cap of $1,086.11, a price-to-earnings ratio of 1.76 and a beta of 3.97. 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 has a 52 week low of $3.68 and a 52 week high of $9.61.
In other news, Director Ares Management Llc bought 1,113,466 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $6.90 per share, for a total transaction of $7,682,915.40. Following the completion of the purchase, the director now owns 53,114 shares of the company’s stock, valued at $366,486.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Franklin Resources Inc sold 329,743 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $6.67, for a total transaction of $2,199,385.81. The disclosure for this sale can be found here. Insiders sold 6,247,483 shares of company stock valued at $50,187,886 over the last 90 days. Insiders own 53.90% of the company’s stock.
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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.
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