Halcon Resources Corporation (HK) Major Shareholder Sells $6,182,533.20 in Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 765,165 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $8.08, for a total transaction of $6,182,533.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Franklin Resources Inc also recently made the following trade(s):

  • On Tuesday, January 9th, Franklin Resources Inc sold 265,143 shares of Halcon Resources stock. The shares were sold at an average price of $7.76, for a total transaction of $2,057,509.68.
  • On Wednesday, January 3rd, Franklin Resources Inc sold 708,173 shares of Halcon Resources stock. The shares were sold at an average price of $8.08, for a total transaction of $5,722,037.84.
  • On Friday, December 28th, Franklin Resources Inc sold 7,100 shares of Halcon Resources stock. The shares were sold at an average price of $7.70, for a total transaction of $54,670.00.
  • On Wednesday, December 27th, Franklin Resources Inc sold 230,209 shares of Halcon Resources stock. The shares were sold at an average price of $7.74, for a total transaction of $1,781,817.66.
  • On Friday, December 22nd, Franklin Resources Inc sold 32,022 shares of Halcon Resources stock. The shares were sold at an average price of $7.72, for a total transaction of $247,209.84.
  • On Tuesday, December 12th, Franklin Resources Inc sold 334,000 shares of Halcon Resources stock. The shares were sold at an average price of $7.71, for a total transaction of $2,575,140.00.
  • On Wednesday, November 29th, Franklin Resources Inc sold 329,743 shares of Halcon Resources stock. The shares were sold at an average price of $6.67, for a total transaction of $2,199,385.81.
  • On Monday, November 27th, Franklin Resources Inc sold 198,357 shares of Halcon Resources stock. The shares were sold at an average price of $6.97, for a total transaction of $1,382,548.29.
  • On Wednesday, November 22nd, Franklin Resources Inc sold 300,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.96, for a total transaction of $2,088,000.00.
  • On Thursday, November 16th, Franklin Resources Inc sold 1,400,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.58, for a total transaction of $9,212,000.00.

Shares of Halcon Resources Corporation (NYSE HK) opened at $8.54 on Friday. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $10.30. The firm has a market cap of $1,196.77, a PE ratio of 2.13 and a beta of 4.04. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.35.

Halcon Resources (NYSE:HK) last announced its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The business had revenue of $96.95 million for the quarter, compared to analyst estimates of $97.34 million. The company’s revenue for the quarter was up 319.6% compared to the same quarter last year. research analysts expect that Halcon Resources Corporation will post -0.03 EPS for the current fiscal year.

Several research firms have issued reports on HK. ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. TheStreet upgraded shares of Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Bank of America upped their price objective on shares of Halcon Resources from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Finally, Roth Capital set a $9.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.57.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Halcon Resources by 10.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 73,700 shares of the energy company’s stock worth $558,000 after buying an additional 6,800 shares during the period. SG Americas Securities LLC boosted its stake in shares of Halcon Resources by 45.6% during the third quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock worth $177,000 after buying an additional 8,137 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Halcon Resources by 35.8% during the third quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock worth $265,000 after buying an additional 10,295 shares during the period. Legal & General Group Plc boosted its stake in shares of Halcon Resources by 83.5% during the third quarter. Legal & General Group Plc now owns 32,858 shares of the energy company’s stock worth $223,000 after buying an additional 14,952 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Halcon Resources by 37.0% during the third quarter. New York State Common Retirement Fund now owns 55,500 shares of the energy company’s stock worth $377,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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Halcon Resources Company Profile

Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.

Insider Buying and Selling by Quarter for Halcon Resources (NYSE:HK)

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