Last $70.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
HKNI On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/17/14 All times are local (Market data is delayed by at least 15 minutes).

hkn inc (HKNI) Snapshot

Open
$70.00
Previous Close
$70.00
Day High
$70.00
Day Low
$70.00
52 Week High
05/27/14 - $85.00
52 Week Low
05/5/14 - $60.01
Market Cap
27.6M
Average Volume 10 Days
146.0
EPS TTM
$-3.85
Shares Outstanding
393.8K
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HKN INC (HKNI)

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hkn inc (HKNI) Details

HKN, Inc., through its subsidiary, BriteWater International, Inc., owns oilfield emulsion breaking technology that purifies oilfield emulsions by breaking and separating the emulsions into oil, water, and solids. The company, through its interests in Gerrity Oil, LLC, holds non-operated working interests in properties located in the Bakken and Niobrara shale oil plays. The company was founded in 1973 and is headquartered in Southlake, Texas.

15 Employees
Last Reported Date: 03/6/14
Founded in 1973

hkn inc (HKNI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $341.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $283.0K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $162.8K
Compensation as of Fiscal Year 2013.

hkn inc (HKNI) Key Developments

HKN, Inc. Amends Bylaws

The board of directors of HKN, Inc. has adopted a resolution setting forth an amendment to Section 8.01. Certificates Representing Shares. of the bylaws. The amendment, that was effective as of 12:01 a.m. April 26, 2013, declares that the shares of capital stock of the company shall now be represented by certificates or electronic registries as determined from time to time by the board of directors of the company, rather than by certificate alone.

HKN, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

HKN, Inc. announced earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported total revenues of $185,000. Loss from operations was $810,000 against $951,000 a year ago. Loss from continuing operations was $300,000 against $799,000 a year ago. Net loss attributable to HKN, Inc. was $406,000 against net income attributable to HKN, Inc. of $152,000 a year ago. Net loss attributable to common stock was $410,000 or $0.94 per basic and diluted share against net income attributable to common stock of $148,000 or $0.32 per basic and diluted share a year ago. The company's loss from continuing operations decreased approximately 36% from $2.8 million in the first nine months of 2011 to $1.8 million for the first nine months of 2012. The majority of the decrease was due to increased interest income from its related party notes receivable as a result of the additional $12 million loan issued to Global in January 2012. The current period operating loss also improved marginally due to the results from the company's Gerrity Oil joint venture that began operations in July 2012. These improvements were partially offset by increased commercialization costs at BriteWater. Total revenues were $185,000. Loss from operations was $3,237,000 against $3,244,000 a year ago. Loss from continuing operations was $1,788,000 against $2,805,000 a year ago. Net loss attributable to HKN, Inc. was $2,183,000 against net income attributable to HKN, Inc. of $718,000 a year ago. Net loss attributable to common stock was $2,187,000 or $4.89 per basic and diluted share against net income attributable to common stock of $722,000 or $1.90 per basic and diluted share a year ago.

HKN Moves Listing Of Common Stock From NYSE MKT To OTCQB

HKN, Inc. announced that it has voluntarily decided to move the listing of its stock from the NYSE MKT to the OTC Markets’ OTCQB marketplace. HKN expects to commence trading on the OTCQB effective October 31, 2012. HKN previously has announced that it intends to effect a one-for-forty reverse stock split of its common stock, conditioned upon the approval of stockholders at its October 29, 2012 annual meeting. The NYSE MKT has advised HKN that it believes HKN would not meet the public float requirement for continued listing of its common stock on the NYSE MKT after the reverse split is implemented. HKN intends to maintain the registration of its common stock under Section 12 of the Securities Exchange Act of 1934, as amended, and to continue its public reporting obligations under Sections 13(a) and 15(d) of the Exchange Act.

 

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Price/Sales 28.4x
Price/Book 0.5x
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