Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 284,799 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $6.10, for a total value of $1,737,273.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.15, for a total value of $3,043,628.85.
  • On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total value of $1,870,882.13.
  • On Wednesday, June 14th, Franklin Resources Inc sold 746,173 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.07, for a total value of $4,529,270.11.

Shares of Halcon Resources Corporation (HK) traded up 1.47% during trading on Friday, reaching $6.21. The company’s stock had a trading volume of 2,127,390 shares. Halcon Resources Corporation has a 1-year low of $3.68 and a 1-year high of $13.79. The company has a market capitalization of $891.41 million, a PE ratio of 1.46 and a beta of 3.99. The stock has a 50 day moving average of $6.08 and a 200-day moving average of $6.83.

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A number of large investors have recently bought and sold shares of HK. Clinton Group Inc. acquired a new stake in Halcon Resources Corporation during the first quarter worth approximately $119,000. Voya Investment Management LLC acquired a new stake in Halcon Resources Corporation during the second quarter worth approximately $121,000. Cubist Systematic Strategies LLC increased its stake in Halcon Resources Corporation by 107.1% in the second 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Halcon Resources Corporation during the first quarter worth approximately $140,000. Finally, Sanders Morris Harris Inc. acquired a new stake in Halcon Resources Corporation during the first quarter worth approximately $159,000. Institutional investors own 81.45% of the company’s stock.

Several research firms have recently weighed in on HK. Imperial Capital began coverage on Halcon Resources Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 target price on the stock. Scotiabank set a $12.00 target price on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, May 16th. Seaport Global Securities downgraded Halcon Resources Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $4.00 in a research report on Wednesday, June 21st. Roth Capital set a $9.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, ValuEngine raised Halcon Resources Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Halcon Resources Corporation presently has a consensus rating of “Hold” and a consensus target price of $9.41.

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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