Halcon Resources Co. (HK) Director Ares Management Llc Acquires 1,113,466 Shares

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.

Several hedge funds and other institutional investors have recently made changes to their positions in HK. Schwab Charles Investment Management Inc. acquired a new stake in shares of Halcon Resources in the second quarter valued at about $472,000. Bank of New York Mellon Corp raised its position in Halcon Resources by 824.9% during the second quarter. Bank of New York Mellon Corp now owns 208,640 shares of the energy company’s stock worth $947,000 after acquiring an additional 186,081 shares during the last quarter. Swiss National Bank acquired a new position in Halcon Resources during the second quarter worth about $281,000. Alliancebernstein L.P. raised its position in Halcon Resources by 59.8% during the second quarter. Alliancebernstein L.P. now owns 442,678 shares of the energy company’s stock worth $2,010,000 after acquiring an additional 165,651 shares during the last quarter. Finally, Teachers Advisors LLC acquired a new position in Halcon Resources during the second quarter worth about $491,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Halcon Resources Co. (HK) Director Ares Management Llc Acquires 1,113,466 Shares” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/13/halcon-resources-co-hk-director-ares-management-llc-acquires-1113466-shares.html.

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)

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