Halcon Resources Corp (HK) Releases Earnings Results, Beats Expectations By $0.25 EPS

Halcon Resources Corp (HK) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.25. Analysts had a consensus of $-0.04. The company posted revenue of $81.30 million in the period, 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.

Many Wall Street Analysts have commented on Halcon Resources Corp. Halcon Resources Corp was Downgraded by Johnson Rice to ” Hold” on Apr 18, 2016.

Halcon Resources Corp closed down -0.01 points or -0.94% at $1.05 with 13,06,081 shares getting traded on Friday. Post opening the session at $1.05, the shares hit an intraday low of $1.05 and an intraday high of $1.12 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 21, 2015, James W Christmas (director) purchased 200,000 shares at $0.26 per share price. According to the SEC, on Dec 21, 2015, Floyd C Wilson (CEO) purchased 500,000 shares at $0.26 per share price. On Dec 21, 2015, David S Elkouri (EVP, Corp Strategy and CLO) purchased 100,000 shares at $0.26 per share price, according to the Form-4 filing with the securities and exchange commission.

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 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 Company’s reserves were classified as proved developed as of 2014. The Company’s oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.

Halcon Resources Corp

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