Halcon Resources Corporation (HK) : The consensus on Halcon Resources Corporation (HK) based on 5 analyst recommendation on the company stock is 4.2, which is interpreted as a Strong Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Company shares have received an average consensus rating of Hold for the current week Halcon Resources Corporation (NYSE:HK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.32 and $0.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.32, notching a gain of 5.93% for the day. The total traded volume was 1,663,451 . The stock had closed at $0.30 on the previous day.
In a related news, Wilson Floyd C, CEO of Halcon Resources Corp, had purchased 500,000 shares on December 18, 2015. The total value of the transaction was $130,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.