GSA Capital Partners LLP Takes Position in Halcon Resources Co. (HK)

GSA Capital Partners LLP acquired a new position in shares of Halcon Resources Co. (NYSE:HK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 40,791 shares of the energy company’s stock, valued at approximately $381,000.

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC increased its position in Halcon Resources by 508.6% in the fourth quarter. Renaissance Technologies LLC now owns 545,300 shares of the energy company’s stock worth $5,093,000 after buying an additional 455,700 shares in the last quarter. Koch Industries Inc. purchased a new position in Halcon Resources during the fourth quarter worth approximately $185,000. Trexquant Investment LP purchased a new position in Halcon Resources during the fourth quarter worth approximately $384,000. Kettle Hill Capital Management LLC purchased a new position in Halcon Resources during the fourth quarter worth approximately $6,373,000. Finally, Russell Investments Group Ltd. purchased a new position in Halcon Resources during the fourth quarter worth approximately $555,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

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

Shares of Halcon Resources Co. (NYSE:HK) traded up 0.14% during mid-day trading on Friday, reaching $7.02. The company’s stock had a trading volume of 2,206,734 shares. The company has a 50 day moving average of $7.39 and a 200-day moving average of $8.79. The firm’s market capitalization is $640.60 million. Halcon Resources Co. has a 12 month low of $6.42 and a 12 month high of $49.91.

Halcon Resources (NYSE:HK) last announced its earnings results on Tuesday, February 28th. The energy company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.16. Halcon Resources had a negative net margin of 538.20% and a negative return on equity of 42.63%. The company had revenue of $130.26 million for the quarter, compared to analysts’ expectations of $210.87 million. Equities research analysts forecast that Halcon Resources Co. will post $0.38 EPS for the current year.

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A number of research firms have commented on HK. Stephens raised Halcon Resources from an “equal weight” rating to an “overweight” rating and set a $12.00 price target on the stock in a report on Wednesday, January 25th. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Tuesday, January 24th. Johnson Rice raised Halcon Resources from a “hold” rating to an “accumulate” rating in a report on Wednesday, March 1st. Scotiabank set a $15.00 price target on Halcon Resources and gave the stock a “buy” rating in a report on Thursday, March 2nd. Finally, Capital One Financial Corp. raised Halcon Resources from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $9.29.

In related news, major shareholder Franklin Resources Inc sold 117,731 shares of Halcon Resources stock in a transaction that occurred on Friday, April 7th. The shares were sold at an average price of $7.84, for a total value of $923,011.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 22.00% of the stock is currently owned by company insiders.

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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