Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 32,022 shares of Halcon Resources stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $7.72, for a total value of $247,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Franklin Resources Inc also recently made the following trade(s):

  • 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 value 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 value 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 value 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 value 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 value of $9,212,000.00.
  • On Tuesday, November 14th, Franklin Resources Inc sold 600,000 shares of Halcon Resources stock. The stock was sold at an average price of $7.03, for a total value of $4,218,000.00.
  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources stock. The stock was 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 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 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 stock. The stock was sold at an average price of $6.03, for a total value of $2,110,500.00.

Shares of Halcon Resources Corporation (HK) traded down $0.02 during mid-day trading on Tuesday, reaching $7.64. The company’s stock had a trading volume of 1,190,600 shares, compared to its average volume of 2,485,689. The company has a market capitalization of $1,142.91, a P/E ratio of 1.91 and a beta of 4.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.91 and a current ratio of 1.91. Halcon Resources Corporation has a 1-year low of $3.68 and a 1-year high of $10.30.

Halcon Resources (NYSE:HK) last issued its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). The business had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The company’s quarterly revenue was up 319.6% compared to the same quarter last year. research analysts predict that Halcon Resources Corporation will post -0.03 EPS for the current year.

HK has been the subject of a number of research analyst reports. Bank of America initiated coverage on Halcon Resources in a report on Monday, October 16th. They issued a “neutral” rating for the company. ValuEngine downgraded Halcon Resources from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Johnson Rice upgraded Halcon Resources from an “accumulate” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Roth Capital set a $9.00 target price on Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HK. Amalgamated Bank bought a new stake in shares of Halcon Resources during the third quarter valued at approximately $109,000. Voya Investment Management LLC bought a new stake in shares of Halcon Resources during the second quarter valued at approximately $121,000. Cubist Systematic Strategies LLC increased its holdings in shares of Halcon Resources by 107.1% during the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after acquiring an additional 14,864 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of Halcon Resources during the second quarter valued at approximately $160,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Halcon Resources during the second quarter valued at approximately $172,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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Halcon Resources 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.

Insider Buying and Selling by Quarter for Halcon Resources (NYSE:HK)

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