Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 800,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $8.57, for a total transaction of $6,856,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 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 Thursday, January 11th, Franklin Resources Inc sold 765,165 shares of Halcon Resources stock. The stock was sold at an average price of $8.08, for a total transaction of $6,182,533.20.
  • On Tuesday, January 9th, Franklin Resources Inc sold 265,143 shares of Halcon Resources stock. The stock was sold at an average price of $7.76, for a total transaction of $2,057,509.68.
  • On Wednesday, January 3rd, Franklin Resources Inc sold 708,173 shares of Halcon Resources stock. The stock was sold at an average price of $8.08, for a total transaction of $5,722,037.84.
  • On Friday, December 28th, Franklin Resources Inc sold 7,100 shares of Halcon Resources stock. The stock was sold at an average price of $7.70, for a total transaction of $54,670.00.
  • On Wednesday, December 27th, Franklin Resources Inc sold 230,209 shares of Halcon Resources stock. The stock was sold at an average price of $7.74, for a total transaction of $1,781,817.66.
  • On Friday, December 22nd, Franklin Resources Inc sold 32,022 shares of Halcon Resources stock. The stock was sold at an average price of $7.72, for a total transaction of $247,209.84.
  • On Tuesday, December 12th, Franklin Resources Inc sold 334,000 shares of Halcon Resources stock. The stock was sold at an average price of $7.71, for a total transaction of $2,575,140.00.
  • On Wednesday, November 29th, Franklin Resources Inc sold 329,743 shares of Halcon Resources stock. The shares were 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 shares were 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 shares were sold at an average price of $6.96, for a total transaction of $2,088,000.00.

Shares of Halcon Resources Corporation (NYSE:HK) traded down $0.15 during midday trading on Wednesday, reaching $8.39. 3,647,400 shares of the company’s stock were exchanged, compared to its average volume of 2,677,720. Halcon Resources Corporation has a twelve month low of $3.68 and a twelve month high of $10.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $1,277.55, a PE ratio of 2.09 and a beta of 4.04.

Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. The business had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. The company’s quarterly revenue was up 319.6% compared to the same quarter last year. sell-side analysts forecast that Halcon Resources Corporation will post -0.03 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of HK. Amalgamated Bank bought a new position in Halcon Resources during the third quarter valued at approximately $109,000. Voya Investment Management LLC bought a new position in shares of Halcon Resources in the second quarter worth approximately $121,000. Cubist Systematic Strategies LLC grew 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 worth $130,000 after purchasing 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 worth approximately $160,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Halcon Resources in the second quarter worth approximately $172,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

A number of brokerages recently weighed in on HK. Roth Capital set a $13.00 target price on shares of Halcon Resources and gave the company a “buy” rating in a research note on Tuesday. ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Bank of America raised their target price on shares of Halcon Resources from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $10.14.

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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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