Halcon Resources Corporation (HK) - NYSE
  • Oct. 16, 2013, 10:59 AM
    • Pioneer Natural Resources (PXD +5%) gaps up to a new 52-week high as Susquehanna raises its price target for PXD to $180 from $170, noting that the company’s operations in the northern and central parts of Midland Wolfcamp in Texas are expected to be a strong catalyst for the stock next year.
    • Jim Cramer sees the stock hitting $300: "This stock is not nearly done.. the good news about the Permian is that we've already got the pipe laid."
    • Michael Fitzsimmons says shares could easily double over the next three years as drilling results in the Spraberry/Wolfcamp play unlock the value of PXD's 800K-plus acreage position.
    • Permian/Wolfcamp stocks are following PXD's lead: DVN +2.4%, EOG +2.7%, AREX +2.6%, HK +3.4%, SWN +1.4%.
    | Oct. 16, 2013, 10:59 AM | 5 Comments
  • Sep. 27, 2013, 4:28 PM
    • Halcon Resources (HK) -1.8% AH after filing for a ~158M-share common stock offering by selling shareholders.
    • HK is not selling any shares and will not receive any of the proceeds from the sale.
    | Sep. 27, 2013, 4:28 PM | 8 Comments
  • Sep. 12, 2013, 7:49 AM
    • Halcon Resources (HK) enters into three separate agreements to sell non-core conventional assets located throughout the U.S. for a combined $302M.
    • Estimated proved reserves were ~21.2M boe as of Dec. 31, 67% of which was proved developed; proved reserves were 77% oil and NGLs, and the assets currently produce ~4,500 boe/day.
    • HK +1.8% premarket.
    | Sep. 12, 2013, 7:49 AM
  • Aug. 19, 2013, 11:55 AM
    • Halcon Resources (HK -5.3%) is downgraded to Hold from Buy at Stifel Nicolaus to reflect the Aug. 8 equity offering which added ~12% more shares with the proceeds simply used to reduce debt, diluting the share count.
    • Additionally, the firm is lowering its 2014 production estimate to a below-consensus 42M boe/day from 47M; official production guidance likely will be provided by HK with Q3 results.
    • The impact of the larger share count and reduced 2014 outlook reduces the firm's 2014 cash flow per share outlook to $1.37 from $1.69.
    | Aug. 19, 2013, 11:55 AM | 3 Comments
  • Aug. 8, 2013, 9:17 AM
    | Aug. 8, 2013, 9:17 AM
  • Aug. 7, 2013, 4:21 PM
    • Halcon Resources (HK) -8% AH after announcing a public offering of 38M shares of common stock.
    • HK plans to use proceeds to repay borrowings under its senior secured revolving credit facility, which has been drawn upon to partially fund acquisitions of both leasehold and producing properties in core areas.
    | Aug. 7, 2013, 4:21 PM | 6 Comments
  • Aug. 5, 2013, 12:59 PM
    • U.S. oil explorers focused most of their capital on high-margin shale drilling - such as EOG Resources (EOG), Continental Resources (CLR) and Pioneer Natural (PXD) - are poised to reap bigger returns for investors than global energy giants, according to a Bloomberg analysis.
    • U.S. benchmark WTI has climbed 16% YTD while Brent, the basis for two-thirds of international prices, fell 1.9%, undermining major international producers such as Exxon (XOM) and Shell (RDS.A).
    • EOG, which is scheduled to report Q2 results on Aug. 6, is estimated to more than triple profit in 2013 to $1.92B; CLR follows the next day.
    | Aug. 5, 2013, 12:59 PM
  • Aug. 1, 2013, 7:35 AM
    • Halcon Resources (HK): Q2 EPS of $0.04 misses by $0.02.
    • Revenue of $214.3M beats by $5.75M. (PR)
    | Aug. 1, 2013, 7:35 AM
  • Aug. 1, 2013, 12:05 AM
  • Jul. 31, 2013, 5:30 PM
  • Jul. 2, 2013, 6:15 PM
    Selling by insiders continued across most sectors during Q2 with the exception of energy, InsiderScore reports, which points out four E&P companies with notable buying: Chesapeake (CHK), where insiders bought 634K shares for $13M; Halcon Resources (HK), 1.9M shares for $10.9M; Apache (APA), 28K shares for $2.1M; Murphy Oil (MUR), 30K shares for $1.9M.
    | Jul. 2, 2013, 6:15 PM
  • Jun. 10, 2013, 8:49 AM

    Halcon Resources (HK) provides an operational update: It is currently operating 17 rigs across its holdings and producing 30K boe/day, with 27 wells nearing completion. The average initial production of HK's three most recently drilled and completed Bakken wells in the Fort Berthold area is 2,648 boe/day (78% oil), 38% higher than all HK's wells drilled and completed in this area in Q1.

    | Jun. 10, 2013, 8:49 AM
  • May 23, 2013, 1:04 PM

    Halcon Resources (HK -9.4%) falls sharply midday as investors don't seem impressed with an operational update the company provided regarding its acreage in the Utica/Point Pleasant play. Updates were given on the Philips 1H, the Allam 1H, the Brugler 1H, the Yoder 2H, and the Kibler 1H wells. The company says the delineation process will be substantially complete by Q4. (PR)

    | May 23, 2013, 1:04 PM | 11 Comments
  • May 16, 2013, 9:59 AM
    T. Boone Pickens added nearly 125K shares in Apache (APA) and more than 500K shares in Goodrich Petroleum (GDP) to his energy fund during Q1. He bought new stakes in MPC, PSX and HK, and sold positions in SWC, RRC and RIG. The fund’s top holding Pioneer Natural Resources (PXD); Pickens added ~43K shares.
    | May 16, 2013, 9:59 AM | 1 Comment
  • May 15, 2013, 2:54 PM

    Halcon Resources (HK +2.8%) is upgraded to Buy from Hold with an $8.50 price target at Stifel Nicolaus, as share underperformance has created an attractive entry point. Organic driven growth should be more accretive to value creation than the acquisition-driven growth so far, and resource results should help firm up the underlying NAV, which is almost double where HK now trades, the firm says.

    | May 15, 2013, 2:54 PM | 1 Comment
  • May 2, 2013, 7:33 AM
    Halcon Resources (HK): Q1 EPS of $0.05 misses by $0.01. Revenue of $190.6M misses by $6.35M. (PR)
    | May 2, 2013, 7:33 AM | 1 Comment
Company Description
Halcón Resources Corp. is an independent energy company engages in the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the U.S. The company operates through one segment which focuses on oil and natural gas acquisition, production,... More
Industry: Oil & Gas Drilling & Exploration
Country: United States