California State Teachers Retirement System acquired a new position in Halcon Resources Corporation (NYSE:HK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 108,300 shares of the energy company’s stock, valued at approximately $492,000. California State Teachers Retirement System owned about 0.07% of Halcon Resources as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HK. Voya Investment Management LLC purchased a new position in Halcon Resources during the second quarter valued at approximately $121,000. Cubist Systematic Strategies LLC boosted 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 worth $130,000 after acquiring an additional 14,864 shares during the last quarter. Nationwide Fund Advisors acquired a new stake in shares of Halcon Resources in the second quarter worth approximately $160,000. Tudor Investment Corp ET AL acquired a new stake in shares of Halcon Resources in the second quarter worth approximately $172,000. Finally, Bank of New York Mellon Corp acquired a new position in Halcon Resources during the first quarter worth $174,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Halcon Resources Corporation (NYSE:HK) traded up $0.19 during midday trading on Friday, reaching $7.16. The company had a trading volume of 2,112,600 shares, compared to its average volume of 2,482,107. Halcon Resources Corporation has a 12-month low of $3.68 and a 12-month high of $10.30. The stock has a market cap of $1,042.69, a P/E ratio of 10.56 and a beta of 4.03. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35.

Halcon Resources (NYSE:HK) last released its quarterly earnings data 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). Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. The firm had revenue of $96.95 million during the quarter, compared to analysts’ expectations of $97.34 million. The firm’s quarterly revenue was up 319.6% on a year-over-year basis. equities research analysts anticipate that Halcon Resources Corporation will post -0.02 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. ValuEngine downgraded Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, December 1st. TheStreet upgraded Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. Zacks Investment Research upgraded Halcon Resources from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Bank of America upped their price target on Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Roth Capital set a $9.00 price objective on Halcon Resources and gave the stock a “buy” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Halcon Resources presently has an average rating of “Buy” and a consensus target price of $9.88.

In related news, major shareholder Franklin Resources Inc sold 425,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $6.60, for a total value of $2,805,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 11,116,337 shares of company stock valued at $72,995,519 over the last ninety days. 53.90% of the stock is currently owned by company insiders.

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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.

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Institutional Ownership by Quarter for Halcon Resources (NYSE:HK)

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