Halcon Resources Corporation (HK) Shares Bought by Northern Trust Corp
Northern Trust Corp raised its stake in shares of Halcon Resources Corporation (NYSE:HK) by 796.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 621,276 shares of the energy company’s stock after purchasing an additional 552,005 shares during the period. Northern Trust Corp owned 0.41% of Halcon Resources worth $2,821,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Nationwide Fund Advisors acquired a new stake in shares of Halcon Resources in the second quarter worth $160,000. Bank of New York Mellon Corp acquired a new stake in shares of Halcon Resources in the first quarter worth $174,000. New York State Common Retirement Fund acquired a new stake in shares of Halcon Resources in the second quarter worth $184,000. Texas Yale Capital Corp. increased its position in shares of Halcon Resources by 77.2% in the second quarter. Texas Yale Capital Corp. now owns 45,261 shares of the energy company’s stock worth $205,000 after acquiring an additional 19,719 shares in the last quarter. Finally, Swiss National Bank acquired a new stake in shares of Halcon Resources in the second quarter worth $281,000. 81.85% of the stock is owned by hedge funds and other institutional investors.
HK has been the subject of several recent research reports. Imperial Capital initiated coverage on shares of Halcon Resources in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price objective for the company. 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 Tuesday, August 1st. Zacks Investment Research lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, ValuEngine lowered shares of Halcon Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Halcon Resources currently has a consensus rating of “Buy” and an average price target of $9.88.
Halcon Resources Corporation (HK) opened at $7.06 on Friday. The firm has a market cap of $1,056.15, a price-to-earnings ratio of 10.70 and a beta of 4.01. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35. Halcon Resources Corporation has a 52 week low of $3.68 and a 52 week high of $10.45.
Halcon Resources (NYSE:HK) last announced its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The firm had revenue of $96.95 million during the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. The business’s revenue was up 319.6% compared to the same quarter last year. analysts anticipate that Halcon Resources Corporation will post 0.03 EPS for the current fiscal year.
In other news, major shareholder Franklin Resources Inc sold 350,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $6.03, for a total value of $2,110,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 10,588,237 shares of company stock valued at $69,413,585 over the last 90 days. Insiders own 53.90% of the company’s stock.
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Halcon Resources 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.
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