Halcon Resources Corporation (HK) Major Shareholder Franklin Resources Inc Sells 374,817 Shares of Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 374,817 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $6.84, for a total value of $2,563,748.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 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.
  • 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 value 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 value of $2,424,400.00.

Shares of Halcon Resources Corporation (NYSE:HK) opened at $7.09 on Tuesday. Halcon Resources Corporation has a twelve month low of $3.68 and a twelve month high of $11.29. The firm has a market capitalization of $1,014.26, a price-to-earnings ratio of 10.27 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 released its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share 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. The business’s revenue was up 319.6% on a year-over-year basis. equities analysts forecast that Halcon Resources Corporation will post 0.07 earnings per share for the current fiscal year.

WARNING: This story was originally posted by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/11/14/halcon-resources-corporation-hk-major-shareholder-franklin-resources-inc-sells-374817-shares-of-stock.html.

HK has been the subject of several recent analyst reports. Roth Capital set a $9.00 price target on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Imperial Capital initiated coverage on Halcon Resources Corporation in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price target for the company. BidaskClub upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. ValuEngine downgraded Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Halcon Resources Corporation presently has an average rating of “Buy” and a consensus target price of $9.88.

A number of large investors have recently added to or reduced their stakes in the stock. Boston Partners increased its stake in Halcon Resources Corporation by 1,388.1% in the second quarter. Boston Partners now owns 3,863,260 shares of the energy company’s stock worth $17,539,000 after purchasing an additional 3,603,645 shares during the period. Vanguard Group Inc. increased its stake in Halcon Resources Corporation by 113.7% in the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after purchasing an additional 1,753,923 shares during the period. Senvest Management LLC purchased a new stake in Halcon Resources Corporation in the third quarter worth $10,098,000. Dimensional Fund Advisors LP purchased a new stake in Halcon Resources Corporation in the third quarter worth $8,515,000. Finally, State Street Corp increased its stake in Halcon Resources Corporation by 5,676.2% in the second quarter. State Street Corp now owns 1,226,470 shares of the energy company’s stock worth $5,567,000 after purchasing an additional 1,205,237 shares during the period. Institutional investors own 89.40% of the company’s stock.

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.

Latest News

Leave a Reply