Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 334,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $7.71, for a total transaction of $2,575,140.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Wednesday, November 29th, Franklin Resources Inc sold 329,743 shares of Halcon Resources stock. The stock was sold at an average price of $6.67, for a total transaction of $2,199,385.81.
  • On Monday, November 27th, Franklin Resources Inc sold 198,357 shares of Halcon Resources stock. The stock was sold at an average price of $6.97, for a total transaction of $1,382,548.29.
  • On Wednesday, November 22nd, Franklin Resources Inc sold 300,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.96, for a total transaction of $2,088,000.00.
  • On Thursday, November 16th, Franklin Resources Inc sold 1,400,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.58, for a total transaction of $9,212,000.00.
  • On Tuesday, November 14th, Franklin Resources Inc sold 600,000 shares of Halcon Resources stock. The stock was sold at an average price of $7.03, for a total transaction of $4,218,000.00.
  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources stock. The stock was sold at an average price of $6.84, for a total transaction of $2,563,748.28.
  • On Tuesday, November 7th, Franklin Resources Inc sold 1,000,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.98, for a total transaction of $6,980,000.00.
  • On Wednesday, October 18th, Franklin Resources Inc sold 1,650,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.24, for a total transaction of $10,296,000.00.
  • On Monday, October 16th, Franklin Resources Inc sold 350,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.03, for a total transaction of $2,110,500.00.
  • On Wednesday, October 4th, Franklin Resources Inc sold 500,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.81, for a total transaction of $3,405,000.00.

Shares of Halcon Resources Corporation (NYSE:HK) traded down $0.17 during midday trading on Wednesday, hitting $7.49. The company’s stock had a trading volume of 1,680,700 shares, compared to its average volume of 2,478,238. The company has a market capitalization of $1,145.91, a PE ratio of 11.61 and a beta of 4.03. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $10.30. 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 (NYSE:HK) last issued its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). The company had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. Halcon Resources’s revenue was up 319.6% compared to the same quarter last year. equities analysts forecast that Halcon Resources Corporation will post -0.03 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank bought a new position in shares of Halcon Resources in the third quarter valued at about $109,000. Voya Investment Management LLC bought a new position in shares of Halcon Resources in the second quarter valued at about $121,000. Cubist Systematic Strategies LLC raised its holdings in shares of Halcon Resources 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 buying an additional 14,864 shares during the last quarter. Nationwide Fund Advisors bought a new position in shares of Halcon Resources in the second quarter valued at about $160,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Halcon Resources in the second quarter valued at about $172,000. 94.33% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Seaport Global Securities upgraded shares of Halcon Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $7.00 to $8.00 in a research note on Tuesday, October 17th. Bank of America lifted their price target on shares of Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Finally, Roth Capital set a $9.00 price target on shares of Halcon Resources and gave the stock a “buy” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $9.88.

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Halcon Resources 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 (NYSE:HK)

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