Citigroup Inc. boosted its position in shares of Halcon Resources Corp (NYSE:HK) by 8,126.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 891,219 shares of the energy company’s stock after buying an additional 880,385 shares during the period. Citigroup Inc. owned approximately 0.55% of Halcon Resources worth $1,515,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HK. California Public Employees Retirement System purchased a new stake in Halcon Resources in the 2nd quarter valued at approximately $168,000. Bank of New York Mellon Corp lifted its stake in Halcon Resources by 21.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,155,804 shares of the energy company’s stock valued at $5,075,000 after buying an additional 201,923 shares in the last quarter. First Trust Advisors LP lifted its stake in Halcon Resources by 35.1% in the 3rd quarter. First Trust Advisors LP now owns 670,911 shares of the energy company’s stock valued at $2,999,000 after buying an additional 174,162 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Halcon Resources by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,986,822 shares of the energy company’s stock valued at $17,821,000 after buying an additional 324,836 shares in the last quarter. Finally, Wilks Brothers LLC lifted its stake in Halcon Resources by 31.4% in the 3rd quarter. Wilks Brothers LLC now owns 15,156,067 shares of the energy company’s stock valued at $67,748,000 after buying an additional 3,625,800 shares in the last quarter.
Shares of HK opened at $1.30 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $207.26 million, a price-to-earnings ratio of -26.00 and a beta of 3.71. Halcon Resources Corp has a fifty-two week low of $1.28 and a fifty-two week high of $5.89.
Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Tuesday, March 12th. The energy company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). The business had revenue of $60.34 million during the quarter, compared to analyst estimates of $64.94 million. Halcon Resources had a net margin of 20.28% and a negative return on equity of 0.67%. On average, analysts forecast that Halcon Resources Corp will post -0.16 EPS for the current year.
A number of equities research analysts recently issued reports on HK shares. Roth Capital reduced their target price on Halcon Resources from $13.00 to $3.50 and set a “buy” rating on the stock in a research note on Monday, January 28th. Capital One Financial lowered Halcon Resources from an “overweight” rating to an “underweight” rating in a research note on Thursday, December 20th. Johnson Rice lowered Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a research note on Friday, February 22nd. Imperial Capital reduced their target price on Halcon Resources from $6.00 to $3.00 and set an “outperform” rating on the stock in a research note on Thursday, December 27th. Finally, Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.34.
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About Halcon Resources
HalcÃ³n Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.
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