Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 600,000 shares of Halcon Resources Corporation stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $7.03, for a total value of $4,218,000.00. The transaction was disclosed in a legal filing 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 transactions with the SEC.

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

  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources Corporation 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 Corporation 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 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.
  • 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.

Shares of Halcon Resources Corporation (NYSE:HK) traded down $0.28 during trading hours on Wednesday, reaching $6.81. 3,234,300 shares of the company were exchanged, compared to its average volume of 2,505,033. The company has a market capitalization of $1,020.00, a P/E ratio of 10.74 and a beta of 4.01. Halcon Resources Corporation has a 52 week low of $3.68 and a 52 week high of $11.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35.

Halcon Resources Corporation (NYSE:HK) last issued its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 Corporation had a return on equity of 8.76% and a net margin of 124.30%. Halcon Resources Corporation’s revenue for the quarter was up 319.6% compared to the same quarter last year. equities analysts anticipate that Halcon Resources Corporation will post 0.07 earnings per share for the current fiscal year.

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Several research analysts have issued reports on the company. BidaskClub upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Imperial Capital assumed coverage on Halcon Resources Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 target price for the company. Seaport Global Securities raised shares of Halcon Resources Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.00 to $8.00 in a research note on Tuesday, October 17th. Finally, Bank of America Corporation lifted their price target on shares of Halcon Resources Corporation from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Halcon Resources Corporation presently has a consensus rating of “Buy” and a consensus price target of $9.88.

A number of large investors have recently modified their holdings of HK. Bank of New York Mellon Corp bought a new position in Halcon Resources Corporation in the first quarter worth approximately $174,000. UBS Asset Management Americas Inc. raised its stake in Halcon Resources Corporation by 51.2% in the first quarter. UBS Asset Management Americas Inc. now owns 108,911 shares of the energy company’s stock worth $839,000 after buying an additional 36,901 shares in the last quarter. Wellington Management Group LLP bought a new position in Halcon Resources Corporation in the first quarter worth approximately $1,139,000. Vanguard Group Inc. raised its stake in Halcon Resources Corporation by 25.6% in the first quarter. Vanguard Group Inc. now owns 1,542,196 shares of the energy company’s stock worth $11,875,000 after buying an additional 314,072 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Halcon Resources Corporation in the first quarter worth approximately $1,836,000. 89.40% 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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