Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 305,201 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $6.13, for a total value of $1,870,882.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 Wednesday, June 14th, Franklin Resources Inc sold 746,173 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.07, for a total value of $4,529,270.11.

Shares of Halcon Resources Corporation (HK) traded down 0.65% on Wednesday, reaching $6.09. The company had a trading volume of 1,907,594 shares. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $13.85. The company has a market capitalization of $874.18 million, a price-to-earnings ratio of 1.43 and a beta of 3.99. The stock has a 50 day moving average price of $5.96 and a 200-day moving average price of $6.84.

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Several research firms have recently commented on HK. Zacks Investment Research cut Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. 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 began coverage on Halcon Resources Corporation in a research note on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price target for the company. Barclays PLC upgraded Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $5.00 to $8.00 in a research note on Thursday, July 13th. Finally, Seaport Global Securities cut Halcon Resources Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $4.00 in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Halcon Resources Corporation presently has an average rating of “Hold” and an average target price of $9.41.

A number of hedge funds have recently made changes to their positions in HK. Clinton Group Inc. acquired a new stake in shares of Halcon Resources Corporation during the first quarter valued at $119,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Halcon Resources Corporation during the first quarter valued at $140,000. Sanders Morris Harris Inc. acquired a new stake in shares of Halcon Resources Corporation during the first quarter valued at $159,000. Bank of New York Mellon Corp acquired a new stake in shares of Halcon Resources Corporation during the first quarter valued at $174,000. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Halcon Resources Corporation during the first quarter valued at $197,000. 81.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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