Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 709,998 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $6.14, for a total transaction of $4,359,387.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 Wednesday, September 13th, Franklin Resources Inc sold 425,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.60, for a total transaction of $2,805,000.00.
  • On Wednesday, August 23rd, Franklin Resources Inc sold 423,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.11, for a total transaction of $2,584,530.00.
  • On Monday, August 21st, Franklin Resources Inc sold 276,900 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total transaction of $1,697,397.00.
  • On Wednesday, August 16th, Franklin Resources Inc sold 284,799 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.10, for a total transaction of $1,737,273.90.
  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.15, for a total transaction of $3,043,628.85.
  • On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total transaction of $1,870,882.13.

Halcon Resources Corporation (NYSE HK) opened at 6.22 on Friday. Halcon Resources Corporation has a 52-week low of $3.69 and a 52-week high of $11.29. The company’s 50-day moving average is $6.21 and its 200-day moving average is $6.43. The firm has a market capitalization of $892.84 million, a PE ratio of 1.46 and a beta of 3.95.

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Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine cut shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Roth Capital set a $9.00 target price on shares of Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Imperial Capital assumed coverage on shares of Halcon Resources Corporation in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Halcon Resources Corporation currently has an average rating of “Hold” and an average price target of $9.41.

Hedge funds have recently bought and sold shares of the business. Clinton Group Inc. purchased a new position in shares of Halcon Resources Corporation during the first quarter worth approximately $119,000. Voya Investment Management LLC purchased a new position in shares of Halcon Resources Corporation during the second quarter worth approximately $121,000. Cubist Systematic Strategies LLC raised its stake in shares of Halcon Resources Corporation 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. Dynamic Technology Lab Private Ltd purchased a new position in shares of Halcon Resources Corporation during the first quarter worth approximately $140,000. Finally, Nationwide Fund Advisors purchased a new position in shares of Halcon Resources Corporation during the second quarter worth approximately $160,000. 91.57% of the stock is currently owned by hedge funds and other institutional investors.

Halcon Resources Corporation 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 Corporation (NYSE:HK)

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