GSA Capital Partners LLP increased its position in shares of Halcon Resources Corporation (NYSE:HK) by 357.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 287,740 shares of the energy company’s stock after acquiring an additional 224,774 shares during the period. GSA Capital Partners LLP owned about 0.19% of Halcon Resources worth $1,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HK. Amalgamated Bank acquired a new position in Halcon Resources during the 3rd quarter worth about $109,000. Voya Investment Management LLC acquired a new position in Halcon Resources during the 2nd quarter worth about $121,000. Cubist Systematic Strategies LLC lifted its holdings in Halcon Resources by 107.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after buying an additional 14,864 shares during the period. Nationwide Fund Advisors acquired a new position in Halcon Resources during the 2nd quarter worth about $160,000. Finally, Tudor Investment Corp ET AL acquired a new position in Halcon Resources during the 2nd quarter worth about $172,000. Institutional investors and hedge funds own 94.33% of the company’s stock.

In other news, major shareholder Franklin Resources Inc sold 380,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.38, for a total value of $2,424,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 9,485,339 shares of company stock worth $63,069,372 over the last three months. 53.90% of the stock is owned by company insiders.

Halcon Resources Corporation (NYSE:HK) opened at $7.30 on Friday. The stock has a market capitalization of $1,092.05, a PE ratio of 11.06 and a beta of 4.03. 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 52 week low of $3.68 and a 52 week 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. sell-side analysts predict that Halcon Resources Corporation will post -0.03 earnings per share for the current fiscal year.

Several research analysts have commented on HK shares. BidaskClub raised Halcon Resources from a “sell” rating to a “hold” rating in a report on Friday, August 25th. ValuEngine downgraded Halcon Resources from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Halcon Resources from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Roth Capital set a $9.00 target price on Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Halcon Resources currently has an average rating of “Buy” and a consensus price target of $9.57.

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About Halcon Resources

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.

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

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