Halcon Resources Corp (HK): Executive Vice President, CFO and Treasurer Mark Mize Bought 50,000 Shares
Executive Vice President, CFO and Treasurer of Halcon Resources Corp (HK) Mark Mize bought 50,000 shares on 08/08/2013 at an average price of $5.10.
Halcon Resources Corp incorporated in Delaware on Feb. 5, 2004. Halcon Resources Corp has a market cap of $2 billion; its shares were traded at around $5.40 with a P/E ratio of 123.46 and P/S ratio of 2.79.
On Aug. 1, 2013 Halcón Resources Corp announced its second quarter 2013 financial results and provided an updated outlook. Revenues for the second quarter of 2013 increased to $214.3 million, compared to $23.3 million for the three months ended June 30, 2012. Net production for the period increased 646% year-over-year to an average of 29,165 barrels of oil equivalent per day (Boe/d). Second quarter 2013 production was comprised of 83% oil, 5% natural gas liquids (NGLs) and 12% natural gas.
Vice President Human Resources Leah R. Kasparek bought 20,000 shares of HK stock on 08/08/2013 at the average price of $5.10. Leah R. Kasparek owns at least 91,310 shares after this. The price of the stock has increased by 5.88% since.
For the complete list of stocks that were bought by their CFOs, go to: Insider Buys.
About the author:
My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.