SG Americas Securities LLC acquired a new stake in shares of Halcon Resources Corporation (NYSE:HK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,798 shares of the energy company’s stock, valued at approximately $222,000.
A number of other institutional investors also recently modified their holdings of HK. Renaissance Technologies LLC boosted its position in shares of Halcon Resources Corporation by 508.6% in the fourth quarter. Renaissance Technologies LLC now owns 545,300 shares of the energy company’s stock valued at $5,093,000 after buying an additional 455,700 shares during the period. Boston Partners bought a new position in shares of Halcon Resources Corporation during the first quarter valued at $1,999,000. Bank of Montreal Can bought a new position in shares of Halcon Resources Corporation during the first quarter valued at $1,371,000. UBS Asset Management Americas Inc. bought a new position in shares of Halcon Resources Corporation during the fourth quarter valued at $673,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Halcon Resources Corporation during the fourth quarter valued at $555,000. Institutional investors and hedge funds own 78.66% of the company’s stock.
Shares of Halcon Resources Corporation (NYSE HK) traded down 0.15% during midday trading on Friday, reaching $6.67. The company had a trading volume of 3,466,925 shares. Halcon Resources Corporation has a 1-year low of $3.68 and a 1-year high of $14.43. The company’s 50-day moving average is $5.42 and its 200-day moving average is $7.09. The stock has a market capitalization of $608.80 million, a PE ratio of 2.86 and a beta of 3.89.
Halcon Resources Corporation (NYSE:HK) last announced its quarterly earnings results on Wednesday, May 3rd. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $135.60 million for 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%. On average, equities research analysts forecast that Halcon Resources Corporation will post $0.42 EPS for the current year.
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Several equities analysts have weighed in on HK shares. Zacks Investment Research upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. Scotiabank restated a “buy” rating and set a $12.00 price objective on shares of Halcon Resources Corporation in a research note on Friday, April 7th. ValuEngine cut Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reaffirmed an “underweight” rating and set a $8.00 target price (down from $9.00) on shares of Halcon Resources Corporation in a research report on Saturday, April 22nd. Finally, Roth Capital set a $14.00 target price on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Thursday, May 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.18.
In other news, Director Sylvia K. Barnes bought 20,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were bought at an average price of $5.34 per share, with a total value of $106,800.00. Following the completion of the acquisition, the director now owns 23,757 shares in the company, valued at $126,862.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Franklin Resources Inc sold 31,341 shares of the stock in a transaction dated 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. Corporate insiders own 2.80% of the company’s stock.
Halcon Resources Corporation 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.
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