Why Halcon Resources (HK) Stock Is Gaining in After-Hours Trading Today

NEW YORK (TheStreet) -- Halcon Resources (HK) was gaining 7.3% to $6.48 after-hours Wednesday after beating analysts' estimates for earnings and revenue in the second quarter.

For the second quarter the company reported revenue of 7 cents a share, beating the Capital IQ Consensus Estimate of 5 cents a share by 2 cents. Revenue grew 52.6% year-over-year to $327.1 million for the quarter. Analysts expected revenue of $303.63 million for the quarter.

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TheStreet Ratings team rates HALCON RESOURCES CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HALCON RESOURCES CORP (HK) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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