HBK Investments L P boosted its holdings in Halcon Resources Co. (NYSE:HK) by 17.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 694,899 shares of the energy company’s stock after buying an additional 104,099 shares during the period. HBK Investments L P owned approximately 0.44% of Halcon Resources worth $5,260,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of HK. Alambic Investment Management L.P. purchased a new stake in shares of Halcon Resources during the fourth quarter valued at approximately $104,000. Amalgamated Bank purchased a new stake in shares of Halcon Resources during the third quarter valued at approximately $109,000. Voya Investment Management LLC purchased a new stake in shares of Halcon Resources during the second quarter valued at approximately $121,000. Virtu Financial LLC purchased a new stake in shares of Halcon Resources during the fourth quarter valued at approximately $121,000. Finally, Nationwide Fund Advisors purchased a new stake in shares of Halcon Resources during the second quarter valued at approximately $160,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Bank of America dropped their price objective on shares of Halcon Resources from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Roth Capital set a $13.00 price objective on shares of Halcon Resources and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Imperial Capital reiterated an “outperform” rating and set a $9.00 price objective (down previously from $12.00) on shares of Halcon Resources in a research note on Friday, March 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.29.
HK stock opened at $5.11 on Friday. Halcon Resources Co. has a twelve month low of $3.68 and a twelve month high of $9.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.14 and a quick ratio of 3.14. The company has a market cap of $796.10, a PE ratio of -34.07 and a beta of 3.95.
Halcon Resources (NYSE:HK) last released its quarterly earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Halcon Resources had a negative return on equity of 2.12% and a net margin of 141.73%. The company had revenue of $25.28 million for the quarter, compared to analyst estimates of $27.11 million. During the same period in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was down 80.6% compared to the same quarter last year. analysts anticipate that Halcon Resources Co. will post 0.11 EPS for the current year.
In other Halcon Resources news, Director Ares Management Llc acquired 1,113,466 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $6.90 per share, with a total value of $7,682,915.40. Following the completion of the acquisition, the director now directly owns 53,114 shares in the company, valued at approximately $366,486.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Franklin Resources Inc sold 765,165 shares of Halcon Resources stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $8.08, for a total transaction of $6,182,533.20. The disclosure for this sale can be found here. In the last three months, insiders have bought 1,170,466 shares of company stock valued at $7,982,275 and have sold 4,107,879 shares valued at $34,137,077. 53.90% of the stock is currently owned by company insiders.
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Halcon Resources 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.
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