Halcon Resources Corp (HK) : Raffles Associates Lp scooped up 500,000 additional shares in Halcon Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 600,000 shares of Halcon Resources Corp which is valued at $193,200.Halcon Resources Corp makes up approximately 0.19% of Raffles Associates Lp’s portfolio.
Other Hedge Funds, Including , Two Sigma Securities sold out all of its stake in HK during the most recent quarter. The investment firm sold 28,896 shares of HK which is valued $9,305. Teacher Retirement System Of Texas sold out all of its stake in HK during the most recent quarter. The investment firm sold 10,032 shares of HK which is valued $3,210. Swiss National Bank sold out all of its stake in HK during the most recent quarter. The investment firm sold 116,480 shares of HK which is valued $38,788.
Halcon Resources Corp closed down -0.0112 points or -3.60% at $0.3 with 978,572 shares getting traded on Wednesday. Post opening the session at $0.3199, the shares hit an intraday low of $0.296 and an intraday high of $0.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Halcon Resources Corp reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.04. The company had revenue of $81.30 million for the quarter, compared to analysts expectations of $174.94 million. The company’s revenue was down -40.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.04 EPS.
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 companys estimated total proved oil and natural gas reserves were approximately 189.1 million barrels of oil equivalent (MMBoe) consisting of 155.6 MMBoe of oil 16.3 MMBbls of natural gas liquids and 103.7 billion cubic feet (Bcf) of natural gas as of December 31 2014. Approximately 41% of the Companys reserves were classified as proved developed as of 2014. The Companys oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.