Halcon Resources Corporation (NYSE:HK) shares gapped down prior to trading on Monday . The stock had previously closed at $5.96, but opened at $6.26. Halcon Resources Corporation shares last traded at $6.28, with a volume of 793,341 shares.

A number of research analysts have recently weighed in on the company. BidaskClub upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Imperial Capital assumed coverage on Halcon Resources Corporation in a report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 target price on the stock. Seaport Global Securities lowered Halcon Resources Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $4.00 in a report on Wednesday, June 21st. Finally, Roth Capital set a $9.00 target price on Halcon Resources Corporation and gave the company a “buy” rating in a report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $9.43.

The company’s 50 day moving average price is $6.39 and its 200 day moving average price is $6.31. The firm has a market capitalization of $930.17 million, a P/E ratio of 1.52 and a beta of 3.99.

In related news, Director Darryl Schall purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average cost of $6.25 per share, with a total value of $62,500.00. Following the transaction, the director now directly owns 35,589 shares in the company, valued at approximately $222,431.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Franklin Resources Inc sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $6.81, for a total value of $3,405,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,698,219 shares of company stock worth $42,879,049. Insiders own 53.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HK. California State Teachers Retirement System bought a new position in Halcon Resources Corporation in the 2nd quarter valued at approximately $492,000. Cubist Systematic Strategies LLC lifted its position in Halcon Resources Corporation by 107.1% in the 2nd 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 in the last quarter. State Street Corp lifted its position in Halcon Resources Corporation by 5,676.2% in the 2nd quarter. State Street Corp now owns 1,226,470 shares of the energy company’s stock valued at $5,567,000 after acquiring an additional 1,205,237 shares in the last quarter. Sound Point Capital Management LP bought a new position in Halcon Resources Corporation in the 2nd quarter valued at approximately $2,813,000. Finally, Janus Henderson Group PLC bought a new position in Halcon Resources Corporation in the 2nd quarter valued at approximately $1,496,000. 91.57% of the stock is currently owned by hedge funds and other institutional investors.

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About Halcon Resources Corporation

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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