Halcon Resources Corporation (HK) has been under a strong bear grip, hence the stock is down -22.54% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.66% in the past 1 week. The stock has risen by 2.72% in the past week indicating that the buyers are active at lower levels, but the stock is down -21.74% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 11.43% and the 50-Day Moving Average is 20.93%. Halcon Resources Corporation (NYSE:HK): stock turned positive on Friday. Though the stock opened at $0.3299, the bulls momentum made the stock top out at $0.33 level for the day. The stock recorded a low of $0.3107 and closed the trading day at $0.3215, in the green by 0.56%. The total traded volume for the day was 1,478,009. The stock had closed at $0.3197 in the previous days trading.
The company Insiders own 22% of Halcon Resources Corporation shares according to the proxy statements. Institutional Investors own 34.07% of Halcon Resources Corporation shares.
Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The companys estimated total proved oil and natural gas reserves were approximately 189.1 million barrels of oil equivalent (MMBoe), consisting of 155.6 MMBoe of oil, 16.3 MMBbls of natural gas liquids, and 103.7 billion cubic feet (Bcf) of natural gas as of December 31, 2014. Approximately 41% of the Companys reserves were classified as proved developed, as of 2014. The Companys oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.