Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 265,143 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $7.76, for a total transaction of $2,057,509.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major 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 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.
  • On Wednesday, November 22nd, Franklin Resources Inc sold 300,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.96, for a total transaction of $2,088,000.00.
  • On Thursday, November 16th, Franklin Resources Inc sold 1,400,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.58, for a total transaction of $9,212,000.00.
  • On Tuesday, November 14th, Franklin Resources Inc sold 600,000 shares of Halcon Resources stock. The stock was sold at an average price of $7.03, for a total transaction of $4,218,000.00.

Halcon Resources Corporation (HK) opened at $8.00 on Friday. 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 Corporation has a 12-month low of $3.68 and a 12-month high of $10.30. The stock has a market cap of $1,190.00, a P/E ratio of 1.96 and a beta of 4.04.

Halcon Resources (NYSE:HK) last announced its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $97.34 million. The business’s quarterly revenue was up 319.6% on a year-over-year basis. equities research analysts predict that Halcon Resources Corporation will post -0.03 earnings per share for the current year.

A number of research firms recently issued reports on HK. ValuEngine cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Bank of America began coverage on shares of Halcon Resources in a research report on Monday, October 16th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Johnson Rice upgraded shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Roth Capital set a $9.00 price objective on shares of Halcon Resources and gave the stock a “buy” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Halcon Resources has an average rating of “Buy” and an average price target of $9.57.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank acquired a new stake in shares of Halcon Resources during the third quarter worth $109,000. SG Americas Securities LLC increased its position in shares of Halcon Resources by 45.6% during the third quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock worth $177,000 after buying an additional 8,137 shares during the period. Voya Investment Management LLC acquired a new stake in shares of Halcon Resources during the second quarter worth $121,000. Cubist Systematic Strategies LLC boosted its stake in Halcon Resources by 107.1% during the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after acquiring an additional 14,864 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Halcon Resources during the third quarter worth $199,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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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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