Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 374,817 shares of Halcon Resources Corporation stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $6.84, for a total transaction of $2,563,748.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% 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, November 7th, Franklin Resources Inc sold 1,000,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.98, for a total transaction of $6,980,000.00.
  • On Wednesday, October 18th, Franklin Resources Inc sold 1,650,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.24, for a total transaction of $10,296,000.00.
  • On Monday, October 16th, Franklin Resources Inc sold 350,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.03, for a total transaction of $2,110,500.00.
  • On Wednesday, October 4th, Franklin Resources Inc sold 500,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.81, for a total transaction of $3,405,000.00.
  • On Friday, September 29th, Franklin Resources Inc sold 218,100 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.80, for a total transaction of $1,483,080.00.
  • On Wednesday, September 27th, Franklin Resources Inc sold 175,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $7.07, for a total transaction of $1,237,250.00.
  • On Monday, September 25th, Franklin Resources Inc sold 225,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.64, for a total transaction of $1,494,000.00.
  • On Tuesday, September 26th, Franklin Resources Inc sold 450,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.66, for a total transaction of $2,997,000.00.
  • On Wednesday, September 20th, Franklin Resources Inc sold 515,893 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.44, for a total transaction of $3,322,350.92.
  • On Monday, September 18th, Franklin Resources Inc sold 380,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.38, for a total transaction of $2,424,400.00.

Shares of Halcon Resources Corporation (NYSE:HK) opened at $6.81 on Wednesday. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $11.29. The stock has a market cap of $1,060.64, a price-to-earnings ratio of 10.74 and a beta of 4.01. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.35.

Halcon Resources Corporation (NYSE:HK) last announced its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). Halcon Resources Corporation had a net margin of 124.30% and a return on equity of 8.76%. The company had revenue of $96.95 million for the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources Corporation’s revenue was up 319.6% on a year-over-year basis. sell-side analysts predict that Halcon Resources Corporation will post 0.07 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Franklin Resources Inc Sells 374,817 Shares of Halcon Resources Corporation (HK) Stock” was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.dailypolitical.com/2017/11/15/franklin-resources-inc-sells-374817-shares-of-halcon-resources-corporation-hk-stock.html.

Several hedge funds and other institutional investors have recently made changes to their positions in HK. Amalgamated Bank purchased a new stake in shares of Halcon Resources Corporation during the 3rd quarter valued at $109,000. Voya Investment Management LLC purchased a new stake in shares of Halcon Resources Corporation during the 2nd quarter valued at $121,000. Cubist Systematic Strategies LLC grew its stake in shares of Halcon Resources Corporation by 107.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after buying an additional 14,864 shares during the period. Nationwide Fund Advisors purchased a new stake in shares of Halcon Resources Corporation during the 2nd quarter valued at $160,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Halcon Resources Corporation during the 2nd quarter valued at $172,000. 89.40% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Bank of America Corporation raised their price objective on shares of Halcon Resources Corporation from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Roth Capital set a $9.00 target price on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Imperial Capital began coverage on shares of Halcon Resources Corporation in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 target price for the company. Finally, ValuEngine cut shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Halcon Resources Corporation currently has a consensus rating of “Buy” and an average target price of $9.88.

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.

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

Receive News & Ratings for Halcon Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.