Alliancebernstein L.P. maintained its stake in shares of Halcon Resources Corporation (NYSE:HK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,027 shares of the energy company’s stock at the end of the first quarter. Alliancebernstein L.P. owned approximately 0.30% of Halcon Resources Corporation worth $2,133,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Halcon Resources Corporation during the first quarter valued at approximately $140,000. Clinton Group Inc. acquired a new position in Halcon Resources Corporation during the first quarter worth about $119,000. SG Americas Securities LLC acquired a new position in Halcon Resources Corporation during the first quarter worth about $222,000. Airain ltd acquired a new position in Halcon Resources Corporation during the first quarter worth about $222,000. Finally, Trexquant Investment LP boosted its position in Halcon Resources Corporation by 33.2% in the first quarter. Trexquant Investment LP now owns 54,809 shares of the energy company’s stock worth $422,000 after buying an additional 13,660 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.
Halcon Resources Corporation (NYSE:HK) opened at 6.56 on Tuesday. The firm has a market capitalization of $598.76 million, a price-to-earnings ratio of 2.81 and a beta of 3.89. The stock’s 50 day moving average price is $5.66 and its 200-day moving average price is $7.51. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $14.94.
Halcon Resources Corporation (NYSE:HK) last issued its quarterly earnings data 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. Halcon Resources Corporation had a positive return on equity of 725.38% and a negative net margin of 168.09%. The firm had revenue of $135.60 million for the quarter, compared to analyst estimates of $144.13 million. Equities analysts anticipate that Halcon Resources Corporation will post $0.47 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Barclays PLC upgraded Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $5.00 to $8.00 in a report on Thursday, July 13th. Roth Capital set a $14.00 price target on Halcon Resources Corporation and gave the stock a “buy” rating in a report on Saturday, June 3rd. Seaport Global Securities restated a “buy” rating and set a $10.00 price target on shares of Halcon Resources Corporation in a report on Tuesday, May 23rd. Zacks Investment Research cut Halcon Resources Corporation from a “hold” rating to a “sell” rating in a report on Thursday, March 30th. Finally, Scotiabank set a $12.00 price target on Halcon Resources Corporation and gave the stock a “buy” rating in a report on Tuesday, May 16th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Halcon Resources Corporation presently has an average rating of “Buy” and a consensus target price of $10.18.
In other news, Director Sylvia K. Barnes purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average cost of $5.34 per share, for a total transaction of $106,800.00. Following the completion of the transaction, the director now directly owns 23,757 shares of the company’s stock, valued at approximately $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 Halcon Resources Corporation 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. 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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