Halcon Resources Corporation (HK) Major Shareholder Franklin Resources Inc Sells 800,000 Shares

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 800,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.57, for a total value of $6,856,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, January 11th, Franklin Resources Inc sold 765,165 shares of Halcon Resources stock. The shares were sold at an average price of $8.08, for a total value of $6,182,533.20.
  • On Tuesday, January 9th, Franklin Resources Inc sold 265,143 shares of Halcon Resources stock. The shares were sold at an average price of $7.76, for a total value of $2,057,509.68.
  • On Wednesday, January 3rd, Franklin Resources Inc sold 708,173 shares of Halcon Resources stock. The shares were sold at an average price of $8.08, for a total value of $5,722,037.84.
  • 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 value 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 value 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 value of $247,209.84.
  • On Tuesday, December 12th, Franklin Resources Inc sold 334,000 shares of Halcon Resources stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $6.96, for a total value of $2,088,000.00.

Halcon Resources Corporation (NYSE HK) traded down $0.15 during midday trading on Wednesday, reaching $8.39. The company had a trading volume of 3,647,400 shares, compared to its average volume of 2,677,720. Halcon Resources Corporation has a 52 week low of $3.68 and a 52 week high of $10.30. The company has a market cap of $1,277.55, a P/E ratio of 2.09 and a beta of 4.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91.

Halcon Resources (NYSE:HK) last released its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.11). Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The business had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. The company’s revenue for the quarter was up 319.6% on a year-over-year basis. equities research analysts anticipate that Halcon Resources Corporation will post -0.03 EPS for the current year.

Several research firms have recently issued reports on HK. Roth Capital set a $13.00 price target on Halcon Resources and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine lowered Halcon Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Halcon Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. TheStreet raised Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Finally, Bank of America lifted their price target on Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.14.

Several institutional investors have recently added to or reduced their stakes in HK. Schwab Charles Investment Management Inc. bought a new stake in shares of Halcon Resources during the 2nd quarter valued at about $472,000. Rhumbline Advisers bought a new stake in shares of Halcon Resources during the 2nd quarter valued at about $341,000. Bank of New York Mellon Corp grew its stake in shares of Halcon Resources by 824.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 208,640 shares of the energy company’s stock valued at $947,000 after acquiring an additional 186,081 shares during the period. Federated Investors Inc. PA bought a new position in shares of Halcon Resources during the 2nd quarter valued at approximately $696,000. Finally, Swiss National Bank bought a new position in shares of Halcon Resources during the 2nd quarter valued at approximately $281,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

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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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