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Stock impact report

Why Halcon Resources Corp. Stock Popped Today [The Motley Fool]

HALCON RESOURCES (HK) 
Last halcon resources earnings: 5/9 05:00 pm Check Earnings Report
Company Research Source: The Motley Fool
The oil and gas driller unveiled a pleasant surprise. Matthew DiLallo ( TMFmd19 ) Aug 2, 2018 at 3:39PM What happened Shares of Halcon Resources Corp.  ( NYSE:HK ) rallied more than 10% by 2:30 p.m. EDT on Thursday after the company reported a surprise profit in the second quarter. So what Halcon Resources generated $24.2 million, or $0.15 per share, of adjusted net income in the second quarter. That profit caught the market by surprise since analysts expected the company to report a loss of $0.05 per share. What made that result even more impressive was that inclement weather and some power-reliability issues hurt production in the second quarter. Because of those problems, output averaged 12,769 barrels of oil equivalent per day (BOE/D), which came in below the low end of its 13,000 to 14,000 BOE/D guidance range. However, Halcon was able to Show less Read more
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