Halcon Resources Co. (NYSE:HK) Director Ares Management Llc bought 1,113,466 shares of Halcon Resources stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $6.90 per share, with a total value of $7,682,915.40. Following the purchase, the director now directly owns 53,114 shares in the company, valued at approximately $366,486.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Halcon Resources Co. (NYSE:HK) traded down $0.45 during midday trading on Tuesday, hitting $6.90. 2,439,037 shares of the company traded hands, compared to its average volume of 3,390,000. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. Halcon Resources Co. has a 12-month low of $3.68 and a 12-month high of $9.61. The firm has a market capitalization of $1,160.00, a PE ratio of 1.83 and a beta of 3.97.
Several brokerages recently commented on HK. Bank of America reduced their price objective on shares of Halcon Resources from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Roth Capital set a $13.00 price objective on shares of Halcon Resources and gave the company a “buy” rating in a research note on Tuesday, January 16th. ValuEngine cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, TheStreet upgraded shares of Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Halcon Resources has a consensus rating of “Hold” and a consensus price target of $9.83.
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.
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