Halcón Resources Corporation

Halcón Resources Corporation Bankruptcy Case Study
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Houston-based Halcón Resources Corporation (OTC: HKRSQ) is the latest North American energy company to meet bankruptcy in 2019. Their weak liquidity, lack of working capital and excessive corporate overhead all ultimately proved too much to keep Chapter 11 at bay. The company ultimately filed on Aug. 7.

CreditRiskMonitor’s FRISK® score had been warning of financial stress at Halcón Resources Corporation for more than a year:

Halcón Resources Corporation FRISK® score
Halcón Resources Corporation's FRISK® score hit bottom in 2019, with no bubbling crude to be found to turn their fortunes around.

This Bankruptcy Case Study will take you through the company's decline and identify the timeline of key events. As with many energy sector bankruptcies, Halcón Resources Corporation's decline was swift but not surprising if you were honed in on the FRISK® score, which measures bankruptcy risk in U.S. public companies with 96% accuracy.

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About Bankruptcy Case Studies

CreditRiskMonitor Bankruptcy Case Studies provide post-filing analyses of public company bankruptcies. Our case studies educate subscribers about methods they can apply to assess bankruptcy risk using CreditRiskMonitor’s proprietary FRISK® score, robust financial database, and timely news alerts.

In nearly every case, a low FRISK® score gave our subscribers early warning of financial distress within a one-year time horizon. CreditRiskMonitor's proprietary FRISK® score predicts bankruptcy risk at public companies with 96% accuracy. The score is formulated by a number of indicators including stock market capitalization and volatility, financial ratios, bond agency ratings from Moody’s, Fitch and DBRS, and crowdsourced behavioral data from a subscriber group that includes 35% of the Fortune 1000 and thousands more worldwide.

Whether you are new to credit analysis or have decades of experience under your belt, CreditRiskMonitor Bankruptcy Case Studies offer unique insights into the business and financial decline that precedes bankruptcy.