Halcon Resources Corporation (NYSE:HK) has climbed 1.1% in the past week and advanced 71.49% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.31% and the outperformance has advanced to 69.93% for the last 4 weeks period.
Halcon Resources Corporation (NYSE:HK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.47 and $0.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.48, notching a gain of 10.47% for the day. The total traded volume was 4,307,771 . The stock had closed at $0.43 on the previous day.
The company shares have dropped -60.00% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $6.85 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $0.63 and the 200 Day Moving Average price is recorded at $0.86.
On the companys insider trading activities, Wilson Floyd C, CEO of Halcon Resources Corp, executed a transaction worth $130,000 on December 18, 2015. A total of 500,000 shares were purchased at an average price of $0.26. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Johnson Rice downgrades its rating on Halcon Resources Corporation (NYSE:HK). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Accumulate by the brokerage firm. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 22% of Halcon Resources Corporation shares according to the proxy statements. Institutional Investors own 35.06% of Halcon Resources Corporation shares.
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.