Halcón Resources (OTCMKTS:HKRSQ) Downgraded by Zacks Investment Research

Halcón Resources (OTCMKTS:HKRSQ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “Halcon Resources Corporation is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company operates in Wichita, Wilbarger and Starr Counties in Texas, Pontotoc and Seminole Counties, Oklahoma, and Louisiana. Halcon Resources Corporation, formerly known as RAM Energy Resources, Inc., is based in Louisiana, USA. “

Shares of HKRSQ opened at $0.07 on Friday. The stock has a fifty day simple moving average of $0.07. Halcón Resources has a fifty-two week low of $0.05 and a fifty-two week high of $4.71. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 0.02.

In related news, Director Ares Management Llc sold 407,800 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.10, for a total value of $40,780.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.10% of the company’s stock.

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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