Halcón Resources Corporation (OTCMKTS:HKRSQ) Director Ares Management Llc Sells 407,800 Shares of Stock

Halcón Resources Corporation (OTCMKTS:HKRSQ) Director Ares Management Llc sold 407,800 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.10, for a total transaction of $40,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ares Management Llc also recently made the following trade(s):

  • On Friday, August 16th, Ares Management Llc sold 4,045,000 shares of Halcón Resources stock. The shares were sold at an average price of $0.11, for a total transaction of $444,950.00.

Halcón Resources stock opened at $0.10 on Friday. Halcón Resources Corporation has a 1 year low of $0.08 and a 1 year high of $4.90. The company has a market capitalization of $15.62 million, a P/E ratio of -2.00 and a beta of 3.81. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.01.

Halcón Resources (OTCMKTS:HKRSQ) last released its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.11. Halcón Resources had a negative net margin of 396.37% and a negative return on equity of 80.38%. The firm had revenue of $56.38 million during the quarter, compared to the consensus estimate of $70.44 million. On average, research analysts predict that Halcón Resources Corporation will post -0.22 earnings per share for the current year.

Halcón Resources Company Profile

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 December 31, 2018, the company held interests in 56,900 net acres in the Delaware Basin, located in Pecos, Reeves, Ward, and Winkler Counties, Texas.

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