Halcon Resources Corporation (HK) Major Shareholder Sells $1,870,882.13 in Stock

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 305,201 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $6.13, for a total value of $1,870,882.13. The sale was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, August 16th, Franklin Resources Inc sold 284,799 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.10, for a total value of $1,737,273.90.
  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.15, for a total value of $3,043,628.85.
  • On Wednesday, June 14th, Franklin Resources Inc sold 746,173 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.07, for a total value of $4,529,270.11.

Shares of Halcon Resources Corporation (HK) opened at 6.21 on Friday. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $12.76. The company’s 50 day moving average price is $6.13 and its 200-day moving average price is $6.82. The firm has a market capitalization of $891.41 million, a P/E ratio of 1.46 and a beta of 3.99.

COPYRIGHT VIOLATION WARNING: “Halcon Resources Corporation (HK) Major Shareholder Sells $1,870,882.13 in Stock” was first reported by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/halcon-resources-corporation-hk-major-shareholder-sells-1870882-13-in-stock.html.

A number of research analysts have weighed in on the company. Scotiabank set a $12.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a report on Tuesday, May 16th. Roth Capital set a $14.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a report on Saturday, June 3rd. Seaport Global Securities restated a “buy” rating and issued a $10.00 price objective on shares of Halcon Resources Corporation in a report on Tuesday, May 23rd. Zacks Investment Research lowered Halcon Resources Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Barclays PLC upgraded Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $5.00 to $8.00 in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.41.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clinton Group Inc. acquired a new position in shares of Halcon Resources Corporation during the first quarter worth approximately $119,000. Voya Investment Management LLC acquired a new position in shares of Halcon Resources Corporation during the second quarter worth approximately $121,000. Cubist Systematic Strategies LLC increased its position in shares of Halcon Resources Corporation by 107.1% in the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after buying an additional 14,864 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Halcon Resources Corporation during the first quarter worth approximately $140,000. Finally, Sanders Morris Harris Inc. acquired a new position in shares of Halcon Resources Corporation during the first quarter worth approximately $159,000. 81.45% of the stock is owned by hedge funds and other institutional investors.

About Halcon Resources Corporation

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 Corporation (NYSE:HK)

Receive News & Ratings for Halcon Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply