Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 600,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $7.03, for a total value of $4,218,000.00. The transaction was disclosed in a document filed with the SEC, which is available 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 Thursday, November 16th, Franklin Resources Inc sold 1,400,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.58, for a total value of $9,212,000.00.
  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.84, for a total value of $2,563,748.28.
  • On Tuesday, November 7th, Franklin Resources Inc sold 1,000,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.98, for a total value of $6,980,000.00.
  • On Wednesday, October 18th, Franklin Resources Inc sold 1,650,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.24, for a total value 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 value 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 value 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 value 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 value 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 value 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 value of $2,997,000.00.

Shares of Halcon Resources Corporation (HK) opened at $7.04 on Friday. Halcon Resources Corporation has a one year low of $3.68 and a one year high of $11.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $997.81, a price-to-earnings ratio of 10.32 and a beta of 4.01.

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

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in HK. Amalgamated Bank acquired a new position in Halcon Resources Corporation during the 3rd quarter worth $109,000. Voya Investment Management LLC acquired a new position in Halcon Resources Corporation during the 2nd quarter worth $121,000. Cubist Systematic Strategies LLC grew its stake in 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 worth $130,000 after purchasing an additional 14,864 shares in the last quarter. Nationwide Fund Advisors acquired a new position in Halcon Resources Corporation during the 2nd quarter worth $160,000. Finally, Tudor Investment Corp ET AL acquired a new position in Halcon Resources Corporation during the 2nd quarter worth $172,000. 89.40% of the stock is owned by hedge funds and other institutional investors.

HK has been the subject of several recent analyst reports. Johnson Rice raised Halcon Resources Corporation from an “accumulate” rating to a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. ValuEngine cut Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Roth Capital set a $9.00 target price on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Bank of America Corporation initiated coverage on Halcon Resources Corporation in a research note on Monday, October 16th. They issued a “neutral” rating for the company. 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $9.88.

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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