Franklin Resources Inc Sells 265,143 Shares of Halcon Resources Corporation (NYSE:HK) Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 265,143 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $7.76, for a total value of $2,057,509.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, January 26th, Franklin Resources Inc sold 1,012,581 shares of Halcon Resources stock. The shares were sold at an average price of $8.53, for a total value of $8,637,315.93.
  • On Wednesday, January 24th, Franklin Resources Inc sold 414,990 shares of Halcon Resources stock. The stock was sold at an average price of $8.22, for a total value of $3,411,217.80.
  • On Monday, January 22nd, Franklin Resources Inc sold 550,000 shares of Halcon Resources stock. The stock was sold at an average price of $8.17, for a total value of $4,493,500.00.
  • On Thursday, January 18th, Franklin Resources Inc sold 300,000 shares of Halcon Resources stock. The stock was sold at an average price of $8.33, for a total value of $2,499,000.00.
  • On Tuesday, January 16th, Franklin Resources Inc sold 800,000 shares of Halcon Resources stock. The stock was sold at an average price of $8.57, for a total value of $6,856,000.00.
  • On Thursday, January 11th, Franklin Resources Inc sold 765,165 shares of Halcon Resources stock. The stock was sold at an average price of $8.08, for a total value of $6,182,533.20.
  • On Wednesday, January 3rd, Franklin Resources Inc sold 708,173 shares of Halcon Resources stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $7.72, for a total value of $247,209.84.

Shares of Halcon Resources Corporation (NYSE HK) traded down $0.09 during midday trading on Thursday, hitting $7.90. The company had a trading volume of 3,010,200 shares, compared to its average volume of 2,520,151. 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 $9.61. The company has a market capitalization of $1,200.00, a PE ratio of 2.06 and a beta of 4.04.

Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) EPS for the quarter, missing the Zacks’ 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 company had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. The business’s quarterly revenue was up 319.6% compared to the same quarter last year. research analysts anticipate that Halcon Resources Corporation will post -0.03 earnings per share for the current year.

A number of equities research analysts have recently weighed in on HK shares. Johnson Rice raised Halcon Resources from an “accumulate” rating to a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research cut Halcon Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. TheStreet upgraded Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Roth Capital set a $13.00 price target on Halcon Resources and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Bank of America started coverage on Halcon Resources in a research report on Monday, October 16th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.83.

A number of institutional investors have recently added to or reduced their stakes in HK. Amalgamated Bank bought a new position in Halcon Resources in the third quarter valued at about $109,000. Voya Investment Management LLC bought a new stake in shares of Halcon Resources during the second quarter worth about $121,000. Cubist Systematic Strategies LLC grew its holdings in shares of Halcon Resources by 107.1% during the second 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 last quarter. Nationwide Fund Advisors bought a new stake in shares of Halcon Resources during the second quarter worth about $160,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Halcon Resources during the second quarter worth about $172,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Halcon Resources (NYSE:HK)

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