Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 7,100 shares of the stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $7.70, for a total transaction of $54,670.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 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 Wednesday, January 3rd, Franklin Resources Inc sold 708,173 shares of Halcon Resources stock. The shares were sold at an average price of $8.08, for a total transaction of $5,722,037.84.
  • On Wednesday, December 27th, Franklin Resources Inc sold 230,209 shares of Halcon Resources stock. The shares were sold at an average price of $7.74, for a total transaction of $1,781,817.66.
  • On Friday, December 22nd, Franklin Resources Inc sold 32,022 shares of Halcon Resources stock. The shares were sold at an average price of $7.72, for a total transaction of $247,209.84.
  • On Tuesday, December 12th, Franklin Resources Inc sold 334,000 shares of Halcon Resources stock. The stock was sold at an average price of $7.71, for a total transaction of $2,575,140.00.
  • On Wednesday, November 29th, Franklin Resources Inc sold 329,743 shares of Halcon Resources stock. The stock was sold at an average price of $6.67, for a total transaction of $2,199,385.81.
  • On Monday, November 27th, Franklin Resources Inc sold 198,357 shares of Halcon Resources stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $6.84, for a total transaction of $2,563,748.28.

Halcon Resources Corporation (NYSE HK) opened at $8.24 on Friday. The company has a market cap of $1,230.00, a price-to-earnings ratio of 2.05 and a beta of 4.04. 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 Corporation has a 1-year low of $3.68 and a 1-year high of $10.30.

Halcon Resources (NYSE:HK) last released its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 had a return on equity of 8.76% and a net margin of 124.30%. The firm’s revenue was up 319.6% compared to the same quarter last year. equities analysts forecast that Halcon Resources Corporation will post -0.03 EPS for the current year.

HK has been the subject of a number of recent analyst reports. Seaport Global Securities raised shares of Halcon Resources from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.00 to $8.00 in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Bank of America raised 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, ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $9.57.

A number of institutional investors have recently added to or reduced their stakes in HK. GSA Capital Partners LLP lifted its stake in Halcon Resources by 357.0% in the third quarter. GSA Capital Partners LLP now owns 287,740 shares of the energy company’s stock valued at $1,957,000 after buying an additional 224,774 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Halcon Resources by 35.8% in the third quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock valued at $265,000 after buying an additional 10,295 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Halcon Resources in the third quarter valued at $2,512,000. Anchor Bolt Capital LP bought a new stake in Halcon Resources in the third quarter valued at $27,585,000. Finally, Senvest Management LLC bought a new stake in Halcon Resources in the third quarter valued at $10,098,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Halcon Resources (NYSE:HK)

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