Halcon Resources Corporation (HK) Major Shareholder Sells $6,182,533.20 in Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 765,165 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $8.08, for a total transaction of $6,182,533.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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, January 9th, Franklin Resources Inc sold 265,143 shares of Halcon Resources stock. The stock was sold at an average price of $7.76, for a total transaction of $2,057,509.68.
  • On Wednesday, January 3rd, Franklin Resources Inc sold 708,173 shares of Halcon Resources stock. The stock was sold at an average price of $8.08, for a total transaction of $5,722,037.84.
  • On Friday, December 28th, Franklin Resources Inc sold 7,100 shares of Halcon Resources stock. The stock was sold at an average price of $7.70, for a total transaction of $54,670.00.
  • On Wednesday, December 27th, Franklin Resources Inc sold 230,209 shares of Halcon Resources stock. The stock was sold at an average price of $7.74, for a total transaction of $1,781,817.66.
  • On Friday, December 22nd, Franklin Resources Inc sold 32,022 shares of Halcon Resources stock. The stock was sold at an average price of $7.72, for a total transaction of $247,209.84.
  • On Tuesday, December 12th, Franklin Resources Inc sold 334,000 shares of Halcon Resources stock. The stock was sold at an average price of $7.71, for a total transaction of $2,575,140.00.
  • On Wednesday, November 29th, Franklin Resources Inc sold 329,743 shares of Halcon Resources stock. The stock was sold at an average price of $6.67, for a total transaction of $2,199,385.81.
  • On Monday, November 27th, Franklin Resources Inc sold 198,357 shares of Halcon Resources stock. The stock was sold at an average price of $6.97, for a total transaction of $1,382,548.29.
  • On Wednesday, November 22nd, Franklin Resources Inc sold 300,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.96, for a total transaction of $2,088,000.00.
  • On Thursday, November 16th, Franklin Resources Inc sold 1,400,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.58, for a total transaction of $9,212,000.00.

Halcon Resources Corporation (NYSE:HK) traded up $0.54 on Friday, hitting $8.54. 3,847,716 shares of the company’s stock traded hands, compared to its average volume of 2,312,874. Halcon Resources Corporation has a twelve month low of $3.68 and a twelve month high of $10.30. The company has a market cap of $1,196.77, a P/E ratio of 2.13 and a beta of 4.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91.

Halcon Resources (NYSE:HK) last released its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.11). Halcon Resources 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 the consensus estimate of $97.34 million. Halcon Resources’s revenue was up 319.6% on a year-over-year basis. analysts forecast that Halcon Resources Corporation will post -0.03 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HK. Anchor Bolt Capital LP bought a new position in shares of Halcon Resources during the 3rd quarter valued at about $27,585,000. Vanguard Group Inc. boosted its holdings in shares of Halcon Resources by 113.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after purchasing an additional 1,753,923 shares during the last quarter. Senvest Management LLC bought a new position in shares of Halcon Resources during the 3rd quarter valued at about $10,098,000. Dimensional Fund Advisors LP bought a new position in shares of Halcon Resources during the 3rd quarter valued at about $8,515,000. Finally, State Street Corp boosted its holdings in shares of Halcon Resources by 5,676.2% during the 2nd quarter. State Street Corp now owns 1,226,470 shares of the energy company’s stock valued at $5,567,000 after purchasing an additional 1,205,237 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on HK. ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. Bank of America upped their target price on shares of Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Roth Capital set a $9.00 target price on shares of Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Halcon Resources has an average rating of “Buy” and a consensus target price of $9.57.

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About Halcon Resources

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 (NYSE:HK)

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