Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 329,743 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $6.67, for a total transaction of $2,199,385.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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, 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.
  • On Tuesday, November 14th, Franklin Resources Inc sold 600,000 shares of Halcon Resources stock. The shares were sold at an average price of $7.03, for a total transaction of $4,218,000.00.
  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources stock. The shares were sold at an average price of $6.84, for a total transaction of $2,563,748.28.
  • On Tuesday, November 7th, Franklin Resources Inc sold 1,000,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.98, for a total transaction of $6,980,000.00.
  • On Wednesday, October 18th, Franklin Resources Inc sold 1,650,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.24, for a total transaction of $10,296,000.00.
  • On Monday, October 16th, Franklin Resources Inc sold 350,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.03, for a total transaction of $2,110,500.00.
  • On Wednesday, October 4th, Franklin Resources Inc sold 500,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.81, for a total transaction of $3,405,000.00.
  • On Friday, September 29th, Franklin Resources Inc sold 218,100 shares of Halcon Resources stock. The shares were sold at an average price of $6.80, for a total transaction of $1,483,080.00.

Shares of Halcon Resources Corporation (HK) traded up $0.29 during trading hours on Friday, hitting $7.38. 2,076,984 shares of the company were exchanged, compared to its average volume of 2,449,316. 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 Corporation has a 12-month low of $3.68 and a 12-month high of $10.30. The company has a market capitalization of $1,060.64, a price-to-earnings ratio of 10.74 and a beta of 4.03.

Halcon Resources (NYSE:HK) last issued its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. The business’s revenue for the quarter was up 319.6% compared to the same quarter last year. equities research analysts anticipate that Halcon Resources Corporation will post -0.02 EPS for the current year.

Large investors have recently modified their holdings of the stock. Amalgamated Bank purchased a new stake in Halcon Resources during the third quarter valued at $109,000. Bank of New York Mellon Corp purchased a new stake in shares of Halcon Resources in the first quarter valued at $174,000. SG Americas Securities LLC raised its stake in shares of Halcon Resources by 45.6% in the third 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 purchased a new stake in shares of Halcon Resources in the second quarter valued at $121,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Halcon Resources 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 acquiring an additional 14,864 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Several analysts recently issued reports on the stock. ValuEngine lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet upgraded shares of Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Bank of America upped their price target on shares of Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, Roth Capital set a $9.00 price target on shares of Halcon Resources and gave the stock a “buy” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Halcon Resources currently has a consensus rating of “Buy” and a consensus target price of $9.88.

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About Halcon Resources

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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