Halcon Resources Corporation (NYSE:HK) Director Sylvia K. Barnes purchased 20,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was bought at an average cost of $5.34 per share, for a total transaction 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 available through this hyperlink.
Shares of Halcon Resources Corporation (NYSE HK) traded down 3.70% on Friday, hitting $4.43. 9,064,233 shares of the company’s stock were exchanged. Halcon Resources Corporation has a 12 month low of $4.18 and a 12 month high of $18.62. The firm has a market cap of $404.34 million, a P/E ratio of 1.90 and a beta of 3.83. The stock’s 50 day moving average is $6.33 and its 200 day moving average is $7.83.
Halcon Resources Corporation (NYSE:HK) last posted its earnings results on Wednesday, May 3rd. The energy company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The business had revenue of $135.60 million for the quarter, compared to analyst estimates of $144.13 million. Halcon Resources Corporation had a negative net margin of 168.09% and a positive return on equity of 725.38%. On average, equities analysts predict that Halcon Resources Corporation will post $0.36 earnings per share for the current year.
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A number of research analysts have issued reports on the stock. Scotiabank set a $12.00 target price on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research lowered shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, March 15th. ValuEngine upgraded shares of Halcon Resources Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 23rd. Roth Capital set a $14.00 target price on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Finally, Johnson Rice upgraded shares of Halcon Resources Corporation from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.04.
A number of hedge funds have recently bought and sold shares of HK. Bank of New York Mellon Corp purchased a new stake in Halcon Resources Corporation during the first quarter worth $174,000. Boston Partners purchased a new stake in Halcon Resources Corporation during the first quarter worth $1,999,000. Acadian Asset Management LLC raised its stake in Halcon Resources Corporation by 40.5% in the first quarter. Acadian Asset Management LLC now owns 162,043 shares of the energy company’s stock worth $1,247,000 after buying an additional 46,729 shares during the period. Sanders Morris Harris Inc. purchased a new stake in Halcon Resources Corporation during the first quarter worth $159,000. Finally, Bank of Montreal Can purchased a new stake in Halcon Resources Corporation during the first quarter worth $1,371,000. 78.61% of the stock is currently owned by institutional investors and hedge funds.
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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