Danny Graham ended his goal drought to give the visitors a ninth-minute lead and the Swans needed a major stroke of luck to avoid defeat, as Jonjo Shelvey's cross struck Flores on the arm and flew past Hull goalkeeper Allan McGregor.
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"We are a bit disappointed overall." Davies told the club's official website: "We didn't play as well as we can.
"They made it difficult with how organised they were, and in the end I think we were a bit lucky to get a point.
"They came here looking for a point, and when they went 1-0 up they were hoping to hold onto that lead.
"It was difficult to break them down but it was a good goal from us. It was pleasing to get a goal even though we didn't play as well as we usually do.
"We are up to the top of the half, and when you get a point - especially when you've not played that well - it’s not such a bad thing."