Post-Earnings Review and Highlights - Halcon Resources

LONDON, August 5, 2014 /PRNewswire/ --

Investor-Edge.com has issued complimentary post-earnings review and highlights on Halcon Resources Corporation (NYSE: HK). The company was featured in the headlines on Wednesday, July 30, 2014, for reporting a 53% year-over-year surge in revenues and 44% year-over-year increase in average daily production during the second quarter of 2014. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview  

During the second quarter of 2014, the company also reported a total operating cost per unit decrease of 21% year-over-year to $24.45 per Boe after adjusting some selected items. The oil & gas exploration & production company was able to realize 91% of the average NYMEX oil price, 35% of the average NYMEX oil price for natural gas liquids (NGLs) and 113% of the average NYMEX natural gas price during the quarter (excluding the impact of hedges). Halcon Resources Corp. incurred capital costs of $268.7 million on drilling and completions, $13.1 million on infrastructure/seismic, and $164.2 million for leasehold acquisitions primarily in Tuscaloosa Marine Shale (TMS). The free research on HK can be downloaded as in PDF format at:

http://www.Investor-Edge.com/HKFreeReport

Steve W. Herod, Halcon Resources Corp.'s President, said that the Q2 2014 results were indicative of the company's ongoing efforts to maximize returns. Mr. Herod further stated that the company has a comfortable liquidity position and is looking good to deliver strong growth in its core areas. He added that over time the company's leverage metrics should also improve.

The Houston-based company's quarterly total operating revenues stood at $327.14 million, above the $214.34 million in the year-ago quarter and Bloomberg analysts' expectation of $303.70 million. Halcon Resources Corp.'s adjusted net income of $32.45 million, or $0.07 per diluted share, outperformed the $16.81 million, or $0.05 per diluted share, reported in the prior year's same quarter and market consensus estimate of $22.05 million, or $0.04 per diluted share. The company reported a net loss available to common stockholders of $73.33 million, or $0.18 per diluted share for the quarter compared to a net income of $36.37 million, or $0.08 per diluted share in the second quarter of 2013. Sign up and read the free analyst's notes on HK at:

http://www.Investor-Edge.com/HK-05082014

Stock Performance  

Halcon Resources Corp.'s shares lost 1.49% to close the session at $5.88, on Thursday, July 31, 2014, a day after the earnings release. However, on the last close, Monday, August 04, 2014, the company's stock gained 1.66% to end the day at $5.51. Shares of Halcon Resources Corp. vacillated between $5.22 and $5.62 during the session. A total of 12.37 million shares were traded, which was above its three months average volume of 7.10 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 8.77% and 25.14%, respectively. However, from the beginning of 2014, the stock has gained 42.75%. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $6.60 is greater than its 200-day moving average of $4.89. Halcon Resources Corp.'s stock has an RSI of 30.66. Visit Investor-Edge and access the latest research on HK at:

http://www.Investor-Edge.com/HKEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, Halcon Resources Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on HK is available at:

http://www.Investor-Edge.com/HKInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED