Franklin Resources Inc Sells 708,173 Shares of Halcon Resources Corporation (HK) Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 708,173 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $8.08, for a total transaction of $5,722,037.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • 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 transaction 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 transaction 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 transaction of $247,209.84.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $4,218,000.00.
  • On Friday, November 10th, Franklin Resources Inc sold 374,817 shares of Halcon Resources stock. The shares were sold at an average price of $6.84, for a total transaction of $2,563,748.28.

Shares of Halcon Resources Corporation (NYSE HK) opened at $7.85 on Friday. 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 $1,230.00, a PE ratio of 2.05 and a beta of 4.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.91 and a current ratio of 1.91.

Halcon Resources (NYSE:HK) last released its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $96.95 million for the quarter, compared to analysts’ expectations of $97.34 million. The firm’s quarterly revenue was up 319.6% on a year-over-year basis. sell-side analysts expect that Halcon Resources Corporation will post -0.03 earnings per share for the current fiscal year.

Several equities analysts have issued reports on HK shares. Seaport Global Securities upgraded shares of Halcon Resources from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.00 to $8.00 in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Bank of America upped their price target on shares of Halcon Resources from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, ValuEngine lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $9.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Halcon Resources by 45.6% during the 3rd quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock valued at $177,000 after purchasing an additional 8,137 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Halcon Resources by 35.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock worth $265,000 after acquiring an additional 10,295 shares in the last quarter. Legal & General Group Plc increased its holdings in Halcon Resources by 83.5% in the 3rd quarter. Legal & General Group Plc now owns 32,858 shares of the energy company’s stock worth $223,000 after acquiring an additional 14,952 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Halcon Resources by 37.0% in the 3rd quarter. New York State Common Retirement Fund now owns 55,500 shares of the energy company’s stock worth $377,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in Halcon Resources in the 3rd quarter worth approximately $109,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

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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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