Nokomis Capital L.L.C. Has $13.36 Million Stake in Halcon Resources Co. (HK)

Nokomis Capital L.L.C. lifted its holdings in shares of Halcon Resources Co. (NYSE:HK) by 301.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,764,486 shares of the energy company’s stock after purchasing an additional 1,324,486 shares during the quarter. Halcon Resources comprises about 3.0% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 13th biggest position. Nokomis Capital L.L.C. owned about 1.12% of Halcon Resources worth $13,357,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HK. Anchor Bolt Capital LP acquired a new position in Halcon Resources in the third quarter valued at $27,585,000. Vanguard Group Inc. boosted its holdings in Halcon Resources by 113.7% in the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after acquiring an additional 1,753,923 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Halcon Resources by 244.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,300,395 shares of the energy company’s stock valued at $17,414,000 after acquiring an additional 1,631,995 shares during the last quarter. Senvest Management LLC acquired a new position in Halcon Resources in the third quarter valued at $10,098,000. Finally, Dimensional Fund Advisors LP acquired a new position in Halcon Resources in the third quarter valued at $8,515,000. Institutional investors and hedge funds own 91.44% of the company’s stock.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 230,209 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $7.74, for a total value of $1,781,817.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Floyd C. Wilson acquired 50,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was bought at an average cost of $5.22 per share, for a total transaction of $261,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,669,486 shares of the company’s stock, valued at $8,714,716.92. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,170,466 shares of company stock worth $7,982,275 and sold 5,085,383 shares worth $41,942,812. Company insiders own 53.90% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday. Imperial Capital reiterated an “outperform” rating and issued a $9.00 target price (down previously from $12.00) on shares of Halcon Resources in a report on Friday, March 2nd. ValuEngine cut Halcon Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Roth Capital set a $13.00 target price on Halcon Resources and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, TheStreet upgraded Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Halcon Resources currently has an average rating of “Hold” and an average target price of $10.29.

Halcon Resources Co. (NYSE HK) opened at $5.43 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.14 and a quick ratio of 3.14. Halcon Resources Co. has a 52-week low of $3.68 and a 52-week high of $9.07.

Halcon Resources (NYSE:HK) last released its quarterly earnings data on Wednesday, February 28th. The energy company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Halcon Resources had a net margin of 141.73% and a negative return on equity of 2.12%. The company had revenue of $25.28 million during the quarter, compared to analysts’ expectations of $27.11 million. During the same period last year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 80.6% compared to the same quarter last year. equities analysts anticipate that Halcon Resources Co. will post 0.12 EPS for the current year.

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Halcon Resources 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.

Institutional Ownership by Quarter for Halcon Resources (NYSE:HK)

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