Voya Investment Management LLC Takes $121,000 Position in Halcon Resources Corporation (HK)
Voya Investment Management LLC purchased a new stake in shares of Halcon Resources Corporation (NYSE:HK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,756 shares of the energy company’s stock, valued at approximately $121,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. bought a new stake in Halcon Resources Corporation during the second quarter valued at about $472,000. Bank of New York Mellon Corp boosted its holdings in Halcon Resources Corporation by 824.9% during the second quarter. Bank of New York Mellon Corp now owns 208,640 shares of the energy company’s stock valued at $947,000 after acquiring an additional 186,081 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Halcon Resources Corporation by 61.9% during the second quarter. UBS Asset Management Americas Inc. now owns 176,326 shares of the energy company’s stock valued at $801,000 after acquiring an additional 67,415 shares during the period. Swiss National Bank bought a new stake in Halcon Resources Corporation during the second quarter valued at about $281,000. Finally, Vanguard Group Inc. boosted its holdings in Halcon Resources Corporation by 113.7% during the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after acquiring an additional 1,753,923 shares during the period. Institutional investors own 81.85% of the company’s stock.
A number of equities research analysts have issued reports on HK shares. Imperial Capital began coverage on shares of Halcon Resources Corporation in a report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price target for the company. Roth Capital set a $9.00 target price on shares of Halcon Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine cut shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $9.88.
Halcon Resources Corporation (HK) opened at $6.94 on Friday. Halcon Resources Corporation has a 52-week low of $3.68 and a 52-week high of $10.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. The stock has a market cap of $1,038.20, a PE ratio of 10.52 and a beta of 4.01.
Halcon Resources Corporation (NYSE:HK) last posted its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). The business had revenue of $96.95 million during 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%. Halcon Resources Corporation’s revenue was up 319.6% compared to the same quarter last year. analysts expect that Halcon Resources Corporation will post 0.03 EPS for the current fiscal year.
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Halcon Resources Corporation 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.
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