Tomahawk, WI 06/04/2014 (Basicsmedia) – Halcon Resources Corp (NYSE:HK) has performed phenomenally well in the last quarter. Its growth momentum has brought about larger asset sales powered by continued earnings driving this stocks surge, though the shares started pulling back, from the one-month high!

Revenues Shoot Up 44% In Q1-2014!

The company has a market capitalization of $2.54 billion and 52 week estimate of 3.16 (depicting the trough) and 6.44 (portraying the pinnacle). HK garnered net revenues of $275.1 million in this year’s first quarter. Thus, the revenues soared up 44% over the net revenues amassed in Q1-2013. Besides, Halcon Resources Corp (NYSE:HK) managed to savor a plunge in its operating cost to $28.40/boe.

Financial Tally

Halcon Resources Corp (NYSE:HK) elicited net incomes of $11.9 million in Q1-2014; this breaks down to $0.03/diluted share. The quarter was agog in invigorating ups and downs; the common shareholders ended the quarter, losing $77.9 million in totality. Moreover, the total operating revenues touched 275,149 towards the end of Q1.

Prudent Decisions Taken In The Prestigious Annual Meet

Lately, Halcon Resources Corp (NYSE:HK) convened an Annual Meet to discuss on varied issues, myriad plans and thereby take certain decisions with immense resolve and conviction. New directors were appointed, during the meeting. Thomas R. Fuller, Michael A. Vlasic, David B. Miller and James W. Christmas – the four renowned names of the industry were shortlisted for the top jobs. Their tenures are deemed to expire in another Annual Meet held in 2017.

Further, the panelists discussed on amending Article 4 of the Halcon Resources Corp (NYSE:HK), since the common share capital was duly increased to a quota of 1.34 billion, after certain reforms. Besides, Deloitte & Touche, LLP was duly appointed for carrying out independent accounting during FY 2014, until March 31, 2015.

East Texas Asset Sales Halted; Productions Rise Sharply During Q1-2014

Halcon Resources Corp (NYSE:HK) has disbanded the likelihood of selling off the company’s East Texas Assets for a decided $450 million last month, after the company garnered sumptuous rise in quarterly production volumes during the Q1! Oil productions augmented to 36,622 barrels – rising 41% YoY. The net production broke down to 85% from Oil endeavors; 6% from NGLs and a significant 9% notched up from Natural Gas.

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