Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas. As of December 31, 2017, it had estimated proved reserves of approximately 51.1 million barrels of oil equivalent comprising 34.1 million barrels of crude oil, 9.2 million barrels of natural gas liquids, and 46.7 0billion cubic feet of natural gas. The company was formerly known as RAM Energy Resources, Inc. and changed its name to Halcón Resources Corporation in February 2012. Halcón Resources Corporation was founded in 1987 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:HK
CUSIP40537Q20
Phone832-538-0300
Debt
Debt-to-Equity Ratio0.54
Current Ratio3.20
Quick Ratio3.20
Price-To-Earnings
Trailing P/E Ratio-26.00
Forward P/E Ratio-55.71
P/E GrowthN/A
Sales & Book Value
Annual Sales$377.96 million
Price / Sales1.66
Cash Flow$0.6633 per share
Price / Cash5.88
Book Value$7.17 per share
Price / Book0.54
Profitability
EPS (Most Recent Fiscal Year)($0.15)
Net Income$535.68 million
Net Margins117.87%
Return on Equity-3.42%
Return on Assets-1.80%
Miscellaneous
Employees119
Outstanding Shares160,460,000
Market Cap$600.11
Halcon Resources (NYSE:HK) Frequently Asked Questions
What is Halcon Resources' stock symbol?
Halcon Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "HK."
When did Halcon Resources' stock split? How did Halcon Resources' stock split work?
Shares of Halcon Resources reverse split before market open on Tuesday, January 5th 2016. The 1-5 reverse split was announced on Wednesday, December 16th 2015. The number of shares owned by shareholders was adjusted after the closing bell on Monday, January 4th 2016. An investor that had 100 shares of Halcon Resources stock prior to the reverse split would have 20 shares after the split.
How were Halcon Resources' earnings last quarter?
Halcon Resources Corp (NYSE:HK) posted its quarterly earnings data on Wednesday, May, 2nd. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.03) by $0.03. The energy company earned $49.30 million during the quarter, compared to the consensus estimate of $44.34 million. Halcon Resources had a negative return on equity of 3.42% and a net margin of 117.87%. The business's revenue was down 63.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. View Halcon Resources' Earnings History.
When is Halcon Resources' next earnings date?
What price target have analysts set for HK?
6 Wall Street analysts have issued 1-year price targets for Halcon Resources' shares. Their forecasts range from $7.00 to $13.00. On average, they expect Halcon Resources' share price to reach $9.40 in the next year. This suggests a possible upside of 141.0% from the stock's current price. View Analyst Ratings for Halcon Resources.
What is the consensus analysts' recommendation for Halcon Resources?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Halcon Resources in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Are investors shorting Halcon Resources?
Halcon Resources saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 30,566,923 shares, an increase of 15.1% from the June 15th total of 26,560,477 shares. Based on an average trading volume of 6,027,025 shares, the days-to-cover ratio is presently 5.1 days. Currently, 21.0% of the company's shares are short sold. View Halcon Resources' Current Options Chain.
Who are some of Halcon Resources' key competitors?
Some companies that are related to Halcon Resources include Carrizo Oil & Gas (CRZO), Petrobras Argentina (PZE), Wildhorse Resource Development (WRD), Laredo Petroleum (LPI), Gulfport Energy (GPOR), Denbury Resources (DNR), Tellurian (TELL), California Resources (CRC), Unit (UNT), HighPoint Resources (HPR), Penn Virginia (PVAC), GeoPark (GPRK), W&T Offshore (WTI), Genel Energy (GEGYY) and Enbridge Energy Management (EEQ).
Who are Halcon Resources' key executives?
Halcon Resources' management team includes the folowing people:
- Mr. Floyd C. Wilson, Chairman, CEO & Pres (Age 71)
- Mr. Mark J. Mize, Exec. VP, CFO & Treasurer (Age 46)
- Mr. Jon C. Wright, Exec. VP & COO (Age 48)
- Mr. David S. Elkouri, Exec. VP & Chief Legal Officer (Age 64)
- Mr. Stephen W. Herod, Exec. VP of Corp. Devel. (Age 59)
Has Halcon Resources been receiving favorable news coverage?
News stories about HK stock have trended somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Halcon Resources earned a news sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the energy company an impact score of 49.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Halcon Resources' major shareholders?
Halcon Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Sanders Morris Harris LLC (0.39%), Bank of Montreal Can (0.06%) and Nisa Investment Advisors LLC (0.04%). Company insiders that own Halcon Resources stock include Ares Management Llc, Darryl Schall, David S Elkouri, Floyd C Wilson, Franklin Resources Inc, Jon C Wright, Quentin R Hicks and Sylvia K Barnes. View Institutional Ownership Trends for Halcon Resources.
Which major investors are buying Halcon Resources stock?
HK stock was purchased by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, Bank of Montreal Can and Nisa Investment Advisors LLC. Company insiders that have bought Halcon Resources stock in the last two years include Ares Management Llc, Darryl Schall, Floyd C Wilson and Sylvia K Barnes. View Insider Buying and Selling for Halcon Resources.
How do I buy shares of Halcon Resources?
Shares of HK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Halcon Resources' stock price today?
One share of HK stock can currently be purchased for approximately $3.90.
How big of a company is Halcon Resources?
Halcon Resources has a market capitalization of $600.11 million and generates $377.96 million in revenue each year. The energy company earns $535.68 million in net income (profit) each year or ($0.15) on an earnings per share basis. Halcon Resources employs 119 workers across the globe.
How can I contact Halcon Resources?
Halcon Resources' mailing address is 1000 LOUISIANA STREET SUITE 1500, HOUSTON TX, 77002. The energy company can be reached via phone at 832-538-0300 or via email at [email protected]
MarketBeat Community Rating for Halcon Resources (NYSE HK)
MarketBeat's community ratings are surveys of what our community members think about Halcon Resources and other stocks. Vote "Outperform" if you believe HK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HK will underperform the S&P 500 over the long term. You may vote once every thirty days.
