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Halcon Resources reports 4Q loss

HOUSTON (AP) _ Halcon Resources Corp. (HK) on Tuesday reported a loss of $28.5 million in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 31 cents. Earnings, adjusted for non-recurring costs, were 66 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The independent energy company posted revenue of $130.3 million in the period.

Halcon Resources shares have decreased 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.10, a decrease of 59 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HK at https://www.zacks.com/ap/HK


Keywords: Halcon Resources, Earnings Report