Cannell Capital LLC raised its position in shares of Halcon Resources Corporation (NYSE:HK) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 260,998 shares of the energy company’s stock after buying an additional 3,890 shares during the period. Cannell Capital LLC owned 0.29% of Halcon Resources Corporation worth $2,010,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. WFG Advisors LP raised 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 worth $100,000 after buying an additional 2,609 shares in the last quarter. Clinton Group Inc. bought a new position in Halcon Resources Corporation during the first quarter worth about $119,000. Dynamic Technology Lab Private Ltd bought a new position in Halcon Resources Corporation during the first quarter worth about $140,000. Sanders Morris Harris Inc. acquired a new stake in shares of Halcon Resources Corporation during the first quarter worth $159,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Halcon Resources Corporation during the first quarter worth $174,000. Institutional investors own 78.61% of the company’s stock.
Shares of Halcon Resources Corporation (NYSE HK) traded down 2.48% on Monday, reaching $4.32. The company’s stock had a trading volume of 2,974,218 shares. The stock has a market capitalization of $394.30 million, a PE ratio of 1.85 and a beta of 3.83. Halcon Resources Corporation has a 1-year low of $4.18 and a 1-year high of $18.19. The stock has a 50-day moving average of $6.33 and a 200 day moving average of $7.83.
Halcon Resources Corporation (NYSE:HK) last issued its quarterly earnings results on Wednesday, May 3rd. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. Halcon Resources Corporation had a negative net margin of 168.09% and a positive return on equity of 725.38%. The company had revenue of $135.60 million during the quarter, compared to analysts’ expectations of $144.13 million. On average, equities analysts forecast that Halcon Resources Corporation will post $0.35 EPS for the current year.
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HK has been the topic of a number of analyst reports. Zacks Investment Research lowered Halcon Resources Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Barclays PLC reaffirmed a “sell” rating and issued a $9.00 price objective on shares of Halcon Resources Corporation in a report on Friday, March 3rd. ValuEngine lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Scotiabank reissued a “buy” rating and set a $11.00 price target on shares of Halcon Resources Corporation in a research note on Monday, March 27th. Finally, Roth Capital set a $14.00 price target on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.04.
In related news, major shareholder Franklin Resources Inc sold 31,341 shares of the business’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 transaction of $210,924.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sylvia K. Barnes acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were purchased at an average price of $5.34 per share, with a total value of $106,800.00. Following the acquisition, the director now owns 23,757 shares of the company’s stock, valued at approximately $126,862.38. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 895,245 shares of company stock valued at $5,663,206. 2.80% of the stock is owned by corporate insiders.
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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