Halcon Resources Corporation (HK) Major Shareholder Sells $2,499,000.00 in Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 300,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $8.33, for a total transaction of $2,499,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Tuesday, January 16th, Franklin Resources Inc sold 800,000 shares of Halcon Resources stock. The stock was sold at an average price of $8.57, for a total transaction of $6,856,000.00.
  • 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 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.

Shares of Halcon Resources Corporation (NYSE:HK) traded down $0.19 during midday trading on Friday, reaching $8.06. 2,014,900 shares of the company traded hands, compared to its average volume of 2,591,242. Halcon Resources Corporation has a one year low of $3.68 and a one year high of $10.30. The stock has a market cap of $1,230.00, a PE ratio of 2.01 and a beta of 4.04. 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 announced its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $97.34 million. The firm’s revenue was up 319.6% on a year-over-year basis. research analysts anticipate that Halcon Resources Corporation will post -0.03 earnings per share for the current fiscal year.

HK has been the subject of several research analyst reports. Roth Capital set a $9.00 price target on shares of Halcon Resources and gave the stock a “buy” rating in a research report on Friday, October 20th. Johnson Rice upgraded shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. Seaport Global Securities raised shares of Halcon Resources from a “neutral” rating to a “buy” rating and upped their price objective for the company from $7.00 to $8.00 in a research note on Tuesday, October 17th. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Finally, Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Halcon Resources currently has an average rating of “Buy” and a consensus price target of $10.14.

A number of hedge funds and other institutional investors have recently made changes to their positions in HK. Anchor Bolt Capital LP purchased a new stake in shares of Halcon Resources in the 3rd quarter valued at approximately $27,585,000. Vanguard Group Inc. boosted its position in shares of Halcon Resources by 113.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after purchasing an additional 1,753,923 shares during the period. Senvest Management LLC purchased a new position in shares of Halcon Resources during the 3rd quarter worth approximately $10,098,000. Dimensional Fund Advisors LP purchased a new position in shares of Halcon Resources during the 3rd quarter worth approximately $8,515,000. Finally, State Street Corp boosted its position in shares of Halcon Resources by 5,676.2% during the 2nd quarter. State Street Corp now owns 1,226,470 shares of the energy company’s stock worth $5,567,000 after purchasing an additional 1,205,237 shares during the period. 94.28% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Halcon Resources Corporation (HK) Major Shareholder Sells $2,499,000.00 in Stock” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/19/halcon-resources-corporation-hk-major-shareholder-sells-2499000-00-in-stock.html.

About Halcon Resources

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)

Receive News & Ratings for Halcon Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply