The EVP and CLO of Halcon Resources (Other OTC: HKRSQ) is Selling Shares

By Carrie Williams

Yesterday, the EVP and CLO of Halcon Resources (HKRSQResearch Report), David Elkouri, sold shares of HKRSQ for $876.

In addition to David Elkouri, one other HKRSQ executive reported Sell trades in the last month.

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Based on Halcon Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $55.87 million and GAAP net loss of $641 million. In comparison, last year the company earned revenue of $55.31 million and had a GAAP net loss of $16.27 million. The company has a one-year high of $4.90 and a one-year low of $0.08.

The insider sentiment on Halcon Resources has been negative according to 17 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Halcón Resources Corp. operates as an independent energy company focused on the acquisition, production, exploration and development of liquids-rich assets in the Delaware Basin. The firm’s operations include Delaware Basin, located in Southern Delaware Basin; Bakken and Three Forks, located in North Dakota and Non-Core Acreage, located in Ohio and Pennsylvania. The company was founded in 1987 and is headquartered in Houston, TX.