Insider Trading Activity in: Halcon Resources Corporation $HK

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Halcon Resources Corporation (NYSE:HK) insider have most recently took part in a trading activity. On Jun 14, 2017 Barnes Sylvia K., Director bought 20,000 shares having total worth of $106,800 at the price of $5.34 per share, following the transaction a total of 43,157 shares owned by Barnes Sylvia K..

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 sell activities .Furthermore, over the past 12 months , the stock was traded 6 times by insiders. In 6 of these trades, the insider was a seller .

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 2 -43.33%
12 Month 0 6 -88.06%

Shares of Halcon Resources Corporation (NYSE:HK) traded down 15.6% on Jun 14, 2017, hitting $5.14. 7,595,170 shares of the company’s stock traded hands. Halcon Resources Corporation has a 52 week low of $5.14 and a 52 week high of $46.44. The company’s market cap is $30 million.

Halcon Resources Corporation (NYSE:HK) last announced its earnings results on May 3, 2017. The company reported 0.06 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.03 by $0.03. The company had revenue of $136 million for the quarter, compared to the consensus estimate of $134 million. During the same quarter in the previous year, the company posted 0.21 earnings per share. The company’s revenue for the quarter was up 67% on a year-over-year basis.

2017-05-03 2017-02-28 2016-11-09 2016-05-09 2016-02-25 2015-11-05 2015-07-30 2015-05-05 2015-02-25 2014-11-10
earnings per share 0.06 0.66 0.37 0.21 0.41 0.04 0.02 -0.04 0.05 0.03
Revenue(M) 135.6 130.26 79.35 81.35 116.12 129.94 168.02 136.19 241.42 306.5

Halcon Resources Corp incorporated in Delaware on February 5, 2004. The Company is an energy company, which is engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. The Company’s proved reserves, production and acreage are located in concentrated positions within multiple onshore U.S. basins. The Company’s geographic diversity provides broad flexibility to direct capital resources to project with the greatest potential returns and access to multiple key end markets which mitigates its exposure to temporary price dislocations in any one market. The Company competes with a substantial number of other companies that have greater financial and other resources. Many of these companies explore for, produce and market oil and natural gas, as well as carry on refining operations and market the resultant products on a worldwide basis. The primary areas in which it encounters substantial competition are in locating and acquiring desirable leasehold acreage for its drilling and development operations, locating and acquiring attractive producing oil and natural gas properties, obtaining sufficient availability of drilling and completion equipment and services, obtaining purchasers and transporters of the oil and natural gas it produce and hiring and retaining key employees. There is also competition between oil and natural gas producers and other industries producing energy and fuel. Furthermore, competitive conditions may be substantially affected by various forms of energy legislation and/or regulation considered from time to time by the government of the United States and the states in which its properties are located. The purchasers of oil and natural gas production consist primarily of independent marketers, major oil and natural gas companies and gas pipeline companies. In 2012, two individual purchasers of production, Shell Trading US Co. (STUSCO) and Sunoco Partners Marketing & Terminals L.P., (Sunoco), each accounted for approximately 20% and 19%, respectively, of its total sales. The company’s operations are subject to stringent federal, state and local laws regulating the discharge of materials into the environment or otherwise relating to health and safety or the protection of the environment. Numerous governmental agencies, such as the United States Environmental Protection Agency, commonly referred to as the EPA, issue regulations to implement and enforce these laws, which often require difficult and costly compliance measures.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.