GSA Capital Partners LLP Has $252,000 Holdings in Halcon Resources Corp (HK)
GSA Capital Partners LLP cut its holdings in Halcon Resources Corp (NYSE:HK) by 65.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,399 shares of the energy company’s stock after selling 108,705 shares during the period. GSA Capital Partners LLP’s holdings in Halcon Resources were worth $252,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP raised its stake in Halcon Resources by 62.5% in the second quarter. First Trust Advisors LP now owns 496,749 shares of the energy company’s stock valued at $2,181,000 after buying an additional 190,968 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Halcon Resources in the second quarter valued at $274,000. TCW Group Inc. increased its position in shares of Halcon Resources by 65.6% during the second quarter. TCW Group Inc. now owns 392,100 shares of the energy company’s stock worth $1,722,000 after purchasing an additional 155,300 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Halcon Resources during the first quarter worth about $148,000. Finally, Northern Trust Corp increased its position in shares of Halcon Resources by 3.2% during the first quarter. Northern Trust Corp now owns 2,570,754 shares of the energy company’s stock worth $12,520,000 after purchasing an additional 79,025 shares in the last quarter.
A number of analysts have recently commented on HK shares. ValuEngine upgraded Halcon Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research cut Halcon Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 11th. Bank of America cut their target price on Halcon Resources from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, August 2nd. JPMorgan Chase & Co. started coverage on Halcon Resources in a research report on Wednesday, July 25th. They set a “neutral” rating and a $6.00 target price on the stock. Finally, Imperial Capital cut their target price on Halcon Resources from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Halcon Resources presently has an average rating of “Buy” and an average target price of $8.00.
HK opened at $4.49 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 0.87. Halcon Resources Corp has a one year low of $3.56 and a one year high of $9.07. The stock has a market cap of $735.80 million, a PE ratio of -29.93 and a beta of 4.25.
Halcon Resources (NYSE:HK) last posted its earnings results on Wednesday, August 1st. The energy company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.18. The business had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $56.07 million. Halcon Resources had a negative return on equity of 1.03% and a net margin of 135.43%. The business’s revenue for the quarter was down 53.9% compared to the same quarter last year. equities research analysts anticipate that Halcon Resources Corp will post -0.03 EPS for the current year.
About Halcon Resources
Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.
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