Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Halcon Resources (NYSE: HK) is trading at unusually high volume Thursday with 10.5 million shares changing hands. It is currently at two times its average daily volume and trading down 58 cents (-9.6%) at $5.48 as of 1:55 p.m. ET.
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Halcon has a market cap of $2.26 billion and is part of the basic materials sector and energy industry. Shares are down 12.4% year to date as of the close of trading on Wednesday. Halcon Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. TheStreet Ratings rates Halcon as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Halcon Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.