Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 425,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $6.60, for a total value of $2,805,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Franklin Resources Inc also recently made the following trade(s):

  • On Tuesday, September 12th, Franklin Resources Inc sold 709,998 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.14, for a total value of $4,359,387.72.
  • On Wednesday, August 23rd, Franklin Resources Inc sold 423,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.11, for a total value of $2,584,530.00.
  • On Monday, August 21st, Franklin Resources Inc sold 276,900 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total value of $1,697,397.00.
  • On Wednesday, August 16th, Franklin Resources Inc sold 284,799 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.10, for a total value of $1,737,273.90.
  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.15, for a total value of $3,043,628.85.
  • On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total value of $1,870,882.13.

Halcon Resources Corporation (NYSE:HK) opened at 6.22 on Friday. The firm has a market capitalization of $892.84 million, a price-to-earnings ratio of 1.46 and a beta of 3.95. Halcon Resources Corporation has a 12 month low of $3.69 and a 12 month high of $11.29. The stock’s 50 day moving average price is $6.21 and its 200-day moving average price is $6.43.

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Several hedge funds have recently bought and sold shares of the company. Cannell Capital LLC raised its stake in shares of Halcon Resources Corporation by 1.5% in the first quarter. Cannell Capital LLC now owns 260,998 shares of the energy company’s stock worth $2,010,000 after purchasing an additional 3,890 shares during the last quarter. Koch Industries Inc. raised its stake in shares of Halcon Resources Corporation by 45.0% in the first quarter. Koch Industries Inc. now owns 28,754 shares of the energy company’s stock worth $221,000 after purchasing an additional 8,920 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Halcon Resources Corporation by 33.2% in the first quarter. Trexquant Investment LP now owns 54,809 shares of the energy company’s stock worth $422,000 after purchasing an additional 13,660 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Halcon Resources Corporation by 133.6% in the first quarter. Jane Street Group LLC now owns 25,616 shares of the energy company’s stock worth $197,000 after purchasing an additional 14,648 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Halcon Resources Corporation 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 purchasing an additional 14,864 shares during the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.

Several equities analysts have issued reports on the company. Imperial Capital assumed coverage on Halcon Resources Corporation in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price target on the stock. ValuEngine lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Roth Capital set a $14.00 price target on Halcon Resources Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Finally, Barclays PLC raised Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $5.00 to $8.00 in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.41.

Halcon Resources Corporation 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 Corporation (NYSE:HK)

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