Axa trimmed its position in shares of Halcon Resources Corp (NYSE:HK) by 33.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,400 shares of the energy company’s stock after selling 17,500 shares during the period. Axa’s holdings in Halcon Resources were worth $154,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HK. First Trust Advisors LP lifted its holdings in shares of Halcon Resources by 62.5% in the second quarter. First Trust Advisors LP now owns 496,749 shares of the energy company’s stock worth $2,181,000 after acquiring an additional 190,968 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Halcon Resources by 6.2% in the second quarter. BlackRock Inc. now owns 11,234,185 shares of the energy company’s stock worth $49,318,000 after acquiring an additional 658,502 shares during the last quarter. Sanders Morris Harris LLC lifted its holdings in shares of Halcon Resources by 41.9% in the third quarter. Sanders Morris Harris LLC now owns 878,551 shares of the energy company’s stock worth $3,928,000 after acquiring an additional 259,500 shares during the last quarter. Fondren Management LP bought a new position in shares of Halcon Resources in the second quarter worth about $1,734,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Halcon Resources by 8.9% in the third quarter. JPMorgan Chase & Co. now owns 3,986,822 shares of the energy company’s stock worth $17,821,000 after acquiring an additional 324,836 shares during the last quarter.

HK has been the subject of a number of research reports. Zacks Investment Research raised shares of Halcon Resources from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, October 24th. Imperial Capital set a $6.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. cut shares of Halcon Resources from a “neutral” rating to an “underweight” rating in a report on Friday. Finally, ValuEngine cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $7.54.

Shares of NYSE HK opened at $2.56 on Monday. The company has a market capitalization of $411.31 million, a P/E ratio of -17.07 and a beta of 4.13. Halcon Resources Corp has a 1 year low of $2.44 and a 1 year high of $9.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.33 and a quick ratio of 0.33.

Halcon Resources (NYSE:HK) last issued its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $61.60 million during the quarter, compared to the consensus estimate of $58.33 million. Halcon Resources had a negative net margin of 101.20% and a negative return on equity of 1.05%. The firm’s quarterly revenue was down 36.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS. Analysts forecast that Halcon Resources Corp will post -0.04 earnings per share for the current fiscal year.

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Halcon Resources Company Profile

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.

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Institutional Ownership by Quarter for Halcon Resources (NYSE:HK)

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