Halcon Resources Corporation (NYSE:HK) shares traded up 5% during mid-day trading on Thursday . The company traded as high as $7.55 and last traded at $7.09. 3,808,124 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 2,496,594 shares. The stock had previously closed at $6.75.

A number of research analysts have issued reports on the company. ValuEngine downgraded Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Bank of America began coverage on Halcon Resources in a report on Monday, October 16th. They issued a “neutral” rating for the company. TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Finally, Johnson Rice raised Halcon Resources from an “accumulate” rating to a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $9.88.

The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35. The company has a market cap of $1,060.64, a P/E ratio of 10.74 and a beta of 4.03.

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 Thomson Reuters’ consensus estimate of $0.05 by ($0.11). The business had revenue of $96.95 million for the quarter, compared to analyst estimates of $97.34 million. Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The firm’s revenue for the quarter was up 319.6% on a year-over-year basis. research analysts anticipate that Halcon Resources Corporation will post -0.02 EPS for the current fiscal year.

In related news, major shareholder Franklin Resources Inc sold 350,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $6.03, for a total transaction of $2,110,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 11,116,337 shares of company stock valued at $72,995,519. Corporate insiders own 53.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its position 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 purchasing an additional 8,137 shares in the last quarter. Cubist Systematic Strategies LLC increased its position 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 purchasing an additional 10,295 shares in the last quarter. Legal & General Group Plc increased its position 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 purchasing an additional 14,952 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of 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. Finally, Amalgamated Bank purchased a new stake in shares of Halcon Resources during the third quarter worth approximately $109,000. Hedge funds and other institutional investors own 94.18% 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.

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