Halcon Resources Corporation (NYSE:HK) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 7,419,368 shares, a decline of 32.4% from the October 13th total of 10,978,107 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average daily volume of 3,105,736 shares, the days-to-cover ratio is presently 2.4 days.

Shares of Halcon Resources Corporation (NYSE HK) opened at $6.67 on Thursday. The stock has a market capitalization of $1,020.00, a price-to-earnings 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 debt-to-equity ratio of 0.35, a quick ratio of 1.91 and a current ratio of 1.91.

Halcon Resources Corporation (NYSE:HK) last issued its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). Halcon Resources Corporation had a return on equity of 8.76% and a net margin of 124.30%. The firm had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. The firm’s quarterly revenue was up 319.6% compared to the same quarter last year. equities analysts expect that Halcon Resources Corporation will post 0.07 EPS for the current fiscal year.

Several equities analysts have recently weighed in on HK shares. Imperial Capital started coverage on Halcon Resources Corporation in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price target for the company. Roth Capital set a $9.00 price target on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, ValuEngine lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.88.

In other news, major shareholder Franklin Resources Inc sold 276,900 shares of Halcon Resources Corporation stock in a transaction on Monday, August 21st. The stock was sold at an average price of $6.13, for a total value of $1,697,397.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 9,588,137 shares of company stock valued at $62,395,512. 53.90% of the stock is owned by company insiders.

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

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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.

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