TIAA CREF Investment Management LLC purchased a new position in Halcon Resources Corporation (NYSE:HK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 163,177 shares of the energy company’s stock, valued at approximately $741,000. TIAA CREF Investment Management LLC owned 0.11% of Halcon Resources Corporation as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Boston Partners lifted its position in shares of Halcon Resources Corporation by 1,388.1% in the 2nd 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. lifted its position in shares of Halcon Resources Corporation by 25.6% in the 1st quarter. Vanguard Group Inc. now owns 1,542,196 shares of the energy company’s stock worth $11,875,000 after purchasing an additional 314,072 shares during the period. Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Halcon Resources Corporation in the 2nd quarter worth approximately $4,404,000. Alliancebernstein L.P. lifted its position in shares of Halcon Resources Corporation by 59.8% in the 2nd quarter. Alliancebernstein L.P. now owns 442,678 shares of the energy company’s stock worth $2,010,000 after purchasing an additional 165,651 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Halcon Resources Corporation by 41.3% in the 2nd quarter. Bank of Montreal Can now owns 251,454 shares of the energy company’s stock worth $1,141,000 after purchasing an additional 73,454 shares during the period. 89.40% of the stock is owned by hedge funds and other institutional investors.
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A number of equities research analysts recently commented on HK shares. Imperial Capital started coverage on shares of Halcon Resources Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 target price for the company. Zacks Investment Research raised shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America Corporation increased their target price on shares of Halcon Resources Corporation from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. ValuEngine cut shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Johnson Rice raised shares of Halcon Resources Corporation from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. One 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. The company presently has an average rating of “Buy” and a consensus target price of $9.88.
Halcon Resources Corporation (NYSE:HK) opened at $6.81 on Wednesday. The stock has a market cap of $1,060.64, a price-to-earnings ratio of 10.74 and a beta of 4.01. Halcon Resources Corporation has a fifty-two week low of $3.68 and a fifty-two week 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.
Halcon Resources Corporation (NYSE:HK) last posted its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). The company had revenue of $96.95 million during the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources Corporation had a return on equity of 8.76% and a net margin of 124.30%. The firm’s quarterly revenue was up 319.6% compared to the same quarter last year. sell-side analysts expect that Halcon Resources Corporation will post 0.07 EPS for the current year.
In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 374,817 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $6.84, for a total value of $2,563,748.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 9,483,036 shares of company stock valued at $61,221,141. Corporate insiders own 53.90% of the company’s stock.
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.
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