Halcon Resources Corporation (HK) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Drilling & Exploration. The stock has been active on the tape, currently trading at $8.00, up from yesterday’s close by 0.88%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Halcon Resources Corporation (HK) currently trades with a market capitalization of $1.26 Billion. That value represents a market adjusting for revenues that have been falling by -5.37 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$1.04 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.04 on a per share basis this quarter. Perhaps, that suggests something about why 5.84% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how HK has been acting. Looking at the stock’s movement on the chart, Halcon Resources Corporation recorded a 52-week high of $10.30. It is now trading 2.3% off that level. The stock is trading $7.26 its 50-day moving average by -0.74%. The stock carved out a 52-week low down at $3.68.
In recent action, Halcon Resources Corporation (HK) has made a move of +6.81% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.92% with $146.46 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HK.