Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 600,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were 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 Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $6.66, for a total value of $2,997,000.00.

Halcon Resources Corporation (HK) traded down $0.03 during trading hours on Friday, reaching $6.64. The company’s stock had a trading volume of 2,997,900 shares, compared to its average volume of 2,516,865. 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 has a 52 week low of $3.68 and a 52 week high of $11.29. The company has a market cap of $993.32, a P/E ratio of 10.11 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 analysts’ consensus estimates 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 firm had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. The firm’s revenue was up 319.6% on a year-over-year basis. analysts anticipate that Halcon Resources Corporation will post 0.05 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank bought a new position in Halcon Resources Corporation during the 3rd quarter worth approximately $109,000. Voya Investment Management LLC bought a new position in Halcon Resources Corporation during the 2nd quarter worth approximately $121,000. Cubist Systematic Strategies LLC lifted its holdings 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 buying an additional 14,864 shares during the last quarter. Nationwide Fund Advisors bought a new position in Halcon Resources Corporation during the 2nd quarter worth approximately $160,000. Finally, Tudor Investment Corp ET AL bought a new position in Halcon Resources Corporation during the 2nd quarter worth approximately $172,000. 89.40% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on HK. Roth Capital set a $9.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 1st. Imperial Capital began coverage on Halcon Resources Corporation in a research note on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price objective 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 lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $9.88.

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)

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