Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 500,000 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $6.81, for a total value of $3,405,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 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 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.
  • On Wednesday, September 20th, Franklin Resources Inc sold 515,893 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.44, for a total value of $3,322,350.92.
  • On Monday, September 18th, Franklin Resources Inc sold 380,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.38, for a total value of $2,424,400.00.
  • On Tuesday, September 19th, Franklin Resources Inc sold 484,429 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.36, for a total value of $3,080,968.44.
  • On Friday, September 15th, Franklin Resources Inc sold 830,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.43, for a total value of $5,336,900.00.
  • On Wednesday, September 13th, Franklin Resources Inc sold 425,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.60, for a total value of $2,805,000.00.
  • On Tuesday, September 12th, Franklin Resources Inc sold 709,998 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.14, for a total value of $4,359,387.72.

Shares of Halcon Resources Corporation (HK) traded up 2.28% during mid-day trading on Thursday, hitting $6.72. The company’s stock had a trading volume of 2,184,558 shares. Halcon Resources Corporation has a 12-month low of $3.69 and a 12-month high of $11.29. The stock has a 50-day moving average of $6.35 and a 200-day moving average of $6.33. The company has a market cap of $964.62 million, a PE ratio of 1.58 and a beta of 3.99.

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Several research analysts recently commented on the company. BidaskClub raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Imperial Capital assumed coverage on Halcon Resources Corporation in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price objective for the company. Seaport Global Securities downgraded Halcon Resources Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $4.00 in a research note on Wednesday, June 21st. Finally, 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. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $9.43.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clinton Group Inc. acquired a new position in Halcon Resources Corporation in the first quarter valued at $119,000. Voya Investment Management LLC acquired a new position in Halcon Resources Corporation in the second quarter valued at $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 valued at $130,000 after purchasing an additional 14,864 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Halcon Resources Corporation in the first quarter valued at $140,000. Finally, Nationwide Fund Advisors acquired a new position in Halcon Resources Corporation in the second quarter valued at $160,000. 91.57% of the stock is owned by institutional investors.

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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