Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 300,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $8.33, for a total value of $2,499,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares 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 shares were sold at an average price of $8.57, for a total value of $6,856,000.00.
  • On Thursday, January 11th, Franklin Resources Inc sold 765,165 shares of Halcon Resources stock. The shares were sold at an average price of $8.08, for a total value of $6,182,533.20.
  • On Tuesday, January 9th, Franklin Resources Inc sold 265,143 shares of Halcon Resources stock. The shares were sold at an average price of $7.76, for a total value of $2,057,509.68.
  • On Wednesday, January 3rd, Franklin Resources Inc sold 708,173 shares of Halcon Resources stock. The shares were sold at an average price of $8.08, for a total value of $5,722,037.84.
  • On Friday, December 28th, Franklin Resources Inc sold 7,100 shares of Halcon Resources stock. The shares were sold at an average price of $7.70, for a total value of $54,670.00.
  • On Wednesday, December 27th, Franklin Resources Inc sold 230,209 shares of Halcon Resources stock. The shares were sold at an average price of $7.74, for a total value of $1,781,817.66.
  • On Friday, December 22nd, Franklin Resources Inc sold 32,022 shares of Halcon Resources stock. The shares were sold at an average price of $7.72, for a total value 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 value 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 value 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 value of $1,382,548.29.

Shares of Halcon Resources Corporation (NYSE:HK) traded down $0.02 during trading hours on Friday, hitting $8.04. The stock had a trading volume of 1,511,115 shares, compared to its average volume of 2,450,000. The firm has a market cap of $1,210.00, a P/E ratio of 2.00 and a beta of 4.04. 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.

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 analysts’ consensus estimates of $0.05 by ($0.11). The business had revenue of $96.95 million during the quarter, compared to analyst estimates of $97.34 million. Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. Halcon Resources’s revenue for the quarter was up 319.6% on a year-over-year basis. research analysts predict that Halcon Resources Corporation will post -0.03 EPS for the current fiscal year.

Several brokerages have commented on HK. Roth Capital set a $13.00 target price on Halcon Resources and gave the stock a “buy” rating in a report on Tuesday. ValuEngine downgraded Halcon Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Bank of America began coverage on Halcon Resources in a report on Monday, October 16th. They set a “neutral” rating on the stock. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Johnson Rice raised Halcon Resources from an “accumulate” rating to a “buy” rating in a report on Wednesday, October 18th. 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 currently has a consensus rating of “Buy” and a consensus target price of $10.14.

Several large investors have recently made changes to their positions in HK. Schwab Charles Investment Management Inc. acquired a new position in shares of Halcon Resources in the 2nd quarter valued at about $472,000. Rhumbline Advisers acquired a new position in shares of Halcon Resources in the 2nd quarter valued at about $341,000. Bank of New York Mellon Corp lifted its stake in shares of Halcon Resources by 824.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 208,640 shares of the energy company’s stock valued at $947,000 after purchasing an additional 186,081 shares during the period. Swiss National Bank acquired a new position in shares of Halcon Resources in the 2nd quarter valued at about $281,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Halcon Resources by 59.8% in the 2nd quarter. Alliancebernstein L.P. now owns 442,678 shares of the energy company’s stock valued at $2,010,000 after purchasing an additional 165,651 shares during the period. 94.28% of the stock is currently owned by institutional investors.

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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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