Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 423,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $6.11, for a total value of $2,584,530.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, August 21st, Franklin Resources Inc sold 276,900 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total value of $1,697,397.00.
  • On Wednesday, August 16th, Franklin Resources Inc sold 284,799 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.10, for a total value of $1,737,273.90.
  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.15, for a total value of $3,043,628.85.
  • On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total value of $1,870,882.13.
  • On Wednesday, June 14th, Franklin Resources Inc sold 746,173 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.07, for a total value of $4,529,270.11.

Shares of Halcon Resources Corporation (NYSE HK) opened at 6.23 on Friday. The firm has a market cap of $894.28 million, a price-to-earnings ratio of 1.47 and a beta of 3.99. The stock’s 50 day moving average price is $6.30 and its 200 day moving average price is $6.71. Halcon Resources Corporation has a 12 month low of $3.69 and a 12 month high of $12.07.

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Several large investors have recently modified their holdings of the stock. Clinton Group Inc. bought a new stake in Halcon Resources Corporation during the first quarter valued at $119,000. Voya Investment Management LLC bought a new stake in Halcon Resources Corporation during the second quarter valued at $121,000. Cubist Systematic Strategies LLC boosted its stake in Halcon Resources Corporation by 107.1% in the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after buying an additional 14,864 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Halcon Resources Corporation during the first quarter valued at $140,000. Finally, Nationwide Fund Advisors bought a new stake in Halcon Resources Corporation during the second quarter valued at $160,000. 81.45% of the stock is currently owned by institutional investors.

HK has been the topic of a number of analyst reports. ValuEngine raised Halcon Resources Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 23rd. Roth Capital set a $9.00 price target on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Imperial Capital initiated coverage on Halcon Resources Corporation in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price target on the stock. Barclays PLC reaffirmed a “sell” rating and issued a $5.00 price target on shares of Halcon Resources Corporation in a research report on Friday, July 7th. Finally, Zacks Investment Research raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.41.

Halcon Resources Corporation 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 Corporation (NYSE:HK)

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