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
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-28.00
Forward P/E Ratio-105.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$377.96 million
Price / Sales1.78
Cash Flow$0.6677 per share
Price / Cash6.29
Book Value$7.17 per share
Price / Book0.59
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
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?
Halcon Resources's stock reverse split 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) announced its earnings results on Wednesday, May, 2nd. The energy company reported ($0.06) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.03. The energy company earned $49.30 million during the quarter, compared to analyst estimates of $44.34 million. Halcon Resources had a net margin of 117.87% and a negative return on equity of 3.42%. The company's revenue was down 63.6% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. View Halcon Resources' Earnings History.
When is Halcon Resources' next earnings date?
What price target have analysts set for HK?
7 brokerages have issued 12-month price objectives for Halcon Resources' stock. Their forecasts range from $7.00 to $13.00. On average, they expect Halcon Resources' share price to reach $9.1667 in the next twelve months. View Analyst Ratings for Halcon Resources.
Are investors shorting Halcon Resources?
Halcon Resources saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 25,833,050 shares, an increase of 25.3% from the May 15th total of 20,623,084 shares. Based on an average trading volume of 4,819,944 shares, the days-to-cover ratio is presently 5.4 days. Approximately 17.8% of the company's stock are sold short. View Halcon Resources' Current Options Chain.
Who are some of Halcon Resources' key competitors?
Some companies that are related to Halcon Resources include Extraction Oil & Gas (XOG), Wildhorse Resource Development (WRD), Callon Petroleum (CPE), Carrizo Oil & Gas (CRZO), Petrobras Argentina (PZE), Laredo Petroleum (LPI), Tellurian (TELL), Gulfport Energy (GPOR), Denbury Resources (DNR), California Resources (CRC), Unit (UNT), HighPoint Resources (HPR), Penn Virginia (PVAC), GeoPark (GPRK) and Genel Energy (GEGYY).
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 headlines about HK stock have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Halcon Resources earned a daily sentiment score of 0.13 on Accern's scale. They also gave news articles about the energy company an impact score of 47.24 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Halcon Resources' major shareholders?
Halcon Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.59%), Millennium Management LLC (3.47%), Dimensional Fund Advisors LP (3.20%), JPMorgan Chase & Co. (2.26%), Nokomis Capital L.L.C. (1.63%) and Northern Trust Corp (1.60%). 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 institutional investors are selling Halcon Resources stock?
HK stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Akanthos Capital Management LLC, Sound Point Capital Management LP, Nomura Asset Management Co. Ltd., JPMorgan Chase & Co. and Tibra Equities Europe Ltd. View Insider Buying and Selling for Halcon Resources.
Which institutional investors are buying Halcon Resources stock?
HK stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Victory Capital Management Inc., Millennium Management LLC, Meghalaya Partners L.P., Nokomis Capital L.L.C., Wexford Capital LP, NYL Investors LLC and Highbridge Capital Management 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 $4.20.
How big of a company is Halcon Resources?
Halcon Resources has a market capitalization of $641.83 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 (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.
