Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 374,817 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $6.84, for a total value of $2,563,748.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 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 Tuesday, November 7th, Franklin Resources Inc sold 1,000,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.98, for a total value of $6,980,000.00.
  • On Wednesday, October 18th, Franklin Resources Inc sold 1,650,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.24, for a total value of $10,296,000.00.
  • On Monday, October 16th, Franklin Resources Inc sold 350,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.03, for a total value of $2,110,500.00.
  • On Wednesday, October 4th, Franklin Resources Inc sold 500,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.81, for a total value of $3,405,000.00.
  • On Friday, September 29th, Franklin Resources Inc sold 218,100 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.80, for a total value of $1,483,080.00.
  • On Wednesday, September 27th, Franklin Resources Inc sold 175,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $7.07, for a total value of $1,237,250.00.
  • On Monday, September 25th, Franklin Resources Inc sold 225,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.64, for a total value of $1,494,000.00.
  • On Tuesday, September 26th, Franklin Resources Inc sold 450,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.66, for a total value of $2,997,000.00.
  • On Wednesday, September 20th, Franklin Resources Inc sold 515,893 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.44, for a total value of $3,322,350.92.
  • On Monday, September 18th, Franklin Resources Inc sold 380,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.38, for a total value of $2,424,400.00.

Shares of Halcon Resources Corporation (HK) traded up $0.09 on Monday, reaching $6.78. The company’s stock had a trading volume of 3,372,800 shares, compared to its average volume of 2,496,037. The firm has a market cap of $1,010.00, a P/E ratio of 10.27 and a beta of 4.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $11.29.

Halcon Resources Corporation (NYSE:HK) last announced its quarterly 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). The company had revenue of $96.95 million for the quarter, compared to analyst estimates of $97.34 million. Halcon Resources Corporation had a return on equity of 8.76% and a net margin of 124.30%. The firm’s quarterly revenue was up 319.6% on a year-over-year basis. analysts predict that Halcon Resources Corporation will post 0.07 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank acquired a new stake in shares of Halcon Resources Corporation during the 3rd quarter valued at about $109,000. Bank of New York Mellon Corp acquired a new stake in shares of Halcon Resources Corporation during the 1st quarter valued at about $174,000. SG Americas Securities LLC grew its position in shares of Halcon Resources Corporation by 45.6% during the 3rd quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock valued at $177,000 after acquiring an additional 8,137 shares during the period. Voya Investment Management LLC acquired a new stake in shares of Halcon Resources Corporation during the 2nd quarter valued at about $121,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of Halcon Resources Corporation by 107.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after acquiring an additional 14,864 shares during the period. 89.40% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the company. Seaport Global Securities upgraded Halcon Resources Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.00 to $8.00 in a report on Tuesday, October 17th. Zacks Investment Research lowered Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. BidaskClub upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Roth Capital set a $9.00 target price on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Johnson Rice upgraded Halcon Resources Corporation from an “accumulate” rating to a “buy” rating in a research note on Wednesday, October 18th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $9.88.

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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