Franklin Resources Inc Sells 32,022 Shares of Halcon Resources Corporation (HK) Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 32,022 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $7.72, for a total value of $247,209.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value of $4,218,000.00.
  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources stock. The stock was sold at an average price of $6.84, for a total value of $2,563,748.28.
  • On Tuesday, November 7th, Franklin Resources Inc sold 1,000,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.98, for a total value of $6,980,000.00.
  • On Wednesday, October 18th, Franklin Resources Inc sold 1,650,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.24, for a total value of $10,296,000.00.
  • On Monday, October 16th, Franklin Resources Inc sold 350,000 shares of Halcon Resources stock. The stock was sold at an average price of $6.03, for a total value of $2,110,500.00.

Halcon Resources Corporation (NYSE:HK) opened at $7.67 on Thursday. Halcon Resources Corporation has a fifty-two week low of $3.68 and a fifty-two week 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. The firm has a market capitalization of $1,142.91, a P/E ratio of 1.91 and a beta of 4.03.

Halcon Resources (NYSE:HK) last posted 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). Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. The company had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. The business’s revenue was up 319.6% compared to the same quarter last year. sell-side analysts forecast that Halcon Resources Corporation will post -0.03 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of HK. Amalgamated Bank bought a new position in shares of Halcon Resources in the third quarter valued at approximately $109,000. Voya Investment Management LLC bought a new position in shares of Halcon Resources in the second quarter valued at approximately $121,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Halcon Resources by 107.1% in the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after purchasing an additional 14,864 shares in the last quarter. Nationwide Fund Advisors bought a new position in shares of Halcon Resources in the second quarter valued at approximately $160,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Halcon Resources in the second quarter valued at approximately $172,000. Institutional investors own 94.28% of the company’s stock.

Several brokerages have issued reports on HK. ValuEngine lowered Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research lowered Halcon Resources from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. TheStreet upgraded Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. Bank of America increased their price target on Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Roth Capital set a $9.00 price target on Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus 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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