York Capital Management Global Advisors LLC bought a new stake in shares of Halcon Resources Corporation (NYSE:HK) during the first quarter, Holdings Channel reports. The fund bought 600,000 shares of the energy company’s stock, valued at approximately $4,620,000. York Capital Management Global Advisors LLC owned 0.66% of Halcon Resources Corporation as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. WFG Advisors LP boosted its position in Halcon Resources Corporation by 3,894.0% in the fourth quarter. WFG Advisors LP now owns 2,676 shares of the energy company’s stock valued at $100,000 after buying an additional 2,609 shares during the period. Cannell Capital LLC boosted its stake in shares of Halcon Resources Corporation by 1.5% in the first quarter. Cannell Capital LLC now owns 260,998 shares of the energy company’s stock valued at $2,010,000 after buying an additional 3,890 shares during the last quarter. Koch Industries Inc. boosted its stake in shares of Halcon Resources Corporation by 45.0% in the first quarter. Koch Industries Inc. now owns 28,754 shares of the energy company’s stock valued at $221,000 after buying an additional 8,920 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Halcon Resources Corporation by 33.2% in the first quarter. Trexquant Investment LP now owns 54,809 shares of the energy company’s stock valued at $422,000 after buying an additional 13,660 shares during the last quarter. Finally, Clinton Group Inc. purchased a new stake in shares of Halcon Resources Corporation during the first quarter valued at approximately $119,000. 78.61% of the stock is currently owned by institutional investors.
Shares of Halcon Resources Corporation (NYSE HK) traded down 3.70% during midday trading on Friday, reaching $4.43. The company’s stock had a trading volume of 9,064,233 shares. The firm has a market cap of $404.34 million, a price-to-earnings ratio of 1.90 and a beta of 3.83. Halcon Resources Corporation has a 12 month low of $4.18 and a 12 month high of $18.62. The company has a 50-day moving average price of $6.40 and a 200-day moving average price of $7.86.
Halcon Resources Corporation (NYSE:HK) last posted its quarterly earnings results on Wednesday, May 3rd. The energy company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $135.60 million during the quarter, compared to the consensus estimate of $144.13 million. Halcon Resources Corporation had a positive return on equity of 725.38% and a negative net margin of 168.09%. Equities analysts expect that Halcon Resources Corporation will post $0.36 earnings per share for the current year.
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Several brokerages recently commented on HK. Johnson Rice raised Halcon Resources Corporation from a “hold” rating to an “accumulate” rating in a research note on Wednesday, March 1st. Barclays PLC reissued a “sell” rating and issued a $9.00 price target on shares of Halcon Resources Corporation in a research note on Friday, March 3rd. Scotiabank set a $15.00 price target on Halcon Resources Corporation and gave the company a “buy” rating in a research note on Thursday, March 2nd. Zacks Investment Research cut Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $10.00 price target on shares of Halcon Resources Corporation in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.04.
In related news, Director Sylvia K. Barnes purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was purchased at an average cost of $5.34 per share, for a total transaction of $106,800.00. Following the completion of the purchase, the director now directly owns 23,757 shares in the company, valued at $126,862.38. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Franklin Resources Inc sold 31,341 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $6.73, for a total value of $210,924.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 895,245 shares of company stock valued at $5,663,206. Corporate insiders own 2.80% of the company’s stock.
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.
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