Insider Selling: Halcon Resources Corporation (HK) Major Shareholder Sells 708,173 Shares of Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 708,173 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $8.08, for a total transaction of $5,722,037.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Franklin Resources Inc also recently made the following trade(s):

  • 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 transaction 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 transaction 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 transaction of $247,209.84.
  • On Tuesday, December 12th, Franklin Resources Inc sold 334,000 shares of Halcon Resources stock. The shares were sold at an average price of $7.71, for a total transaction of $2,575,140.00.
  • On Wednesday, November 29th, Franklin Resources Inc sold 329,743 shares of Halcon Resources stock. The shares were sold at an average price of $6.67, for a total transaction of $2,199,385.81.
  • On Monday, November 27th, Franklin Resources Inc sold 198,357 shares of Halcon Resources stock. The shares were sold at an average price of $6.97, for a total transaction of $1,382,548.29.
  • On Wednesday, November 22nd, Franklin Resources Inc sold 300,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.96, for a total transaction of $2,088,000.00.
  • On Thursday, November 16th, Franklin Resources Inc sold 1,400,000 shares of Halcon Resources stock. The shares were sold at an average price of $6.58, for a total transaction of $9,212,000.00.
  • On Tuesday, November 14th, Franklin Resources Inc sold 600,000 shares of Halcon Resources stock. The shares were sold at an average price of $7.03, for a total transaction of $4,218,000.00.
  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources stock. The shares were sold at an average price of $6.84, for a total transaction of $2,563,748.28.

Shares of Halcon Resources Corporation (HK) traded up $0.24 during trading hours on Thursday, reaching $8.30. 2,742,100 shares of the company were exchanged, compared to its average volume of 2,990,900. The company has a market capitalization of $1,240.00, a PE ratio of 2.07 and a beta of 4.04. Halcon Resources Corporation has a 1 year low of $3.68 and a 1 year high of $10.30. 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 (NYSE:HK) last issued its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). The business had revenue of $96.95 million for the quarter, compared to the consensus estimate of $97.34 million. Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The business’s revenue for the quarter was up 319.6% compared to the same quarter last year. research analysts predict that Halcon Resources Corporation will post -0.03 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in Halcon Resources in the 3rd quarter worth approximately $109,000. Voya Investment Management LLC acquired a new position in Halcon Resources in the 2nd quarter worth approximately $121,000. Cubist Systematic Strategies LLC boosted its stake in Halcon Resources by 107.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after purchasing an additional 14,864 shares during the period. Nationwide Fund Advisors acquired a new position in Halcon Resources in the 2nd quarter worth approximately $160,000. Finally, Tudor Investment Corp ET AL acquired a new position in Halcon Resources in the 2nd quarter worth approximately $172,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

HK has been the topic of a number of research analyst reports. Johnson Rice upgraded shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. TheStreet upgraded shares of Halcon Resources from a “d+” rating to a “c-” rating in a research note on Wednesday, November 22nd. Bank of America initiated coverage on shares of Halcon Resources in a research note on Monday, October 16th. They set a “neutral” rating on the stock. Finally, Roth Capital set a $9.00 price objective on shares of Halcon Resources and gave the company a “buy” rating in a research note on Friday, October 20th. 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. The company has a consensus rating of “Buy” and a consensus target price of $9.57.

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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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