Halcon Resources Corp (HK) Shares Bought by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. grew its stake in shares of Halcon Resources Corp (NYSE:HK) by 48.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,619,353 shares of the energy company’s stock after acquiring an additional 854,867 shares during the quarter. Halcon Resources comprises about 2.4% of Nokomis Capital L.L.C.’s holdings, making the stock its 13th largest position. Nokomis Capital L.L.C.’s holdings in Halcon Resources were worth $12,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ellington Management Group LLC increased its position in Halcon Resources by 36.5% during the 4th quarter. Ellington Management Group LLC now owns 33,300 shares of the energy company’s stock worth $252,000 after purchasing an additional 8,900 shares in the last quarter. Rhumbline Advisers increased its position in Halcon Resources by 8.2% during the 1st quarter. Rhumbline Advisers now owns 134,309 shares of the energy company’s stock worth $654,000 after purchasing an additional 10,147 shares in the last quarter. CoreCommodity Management LLC increased its position in Halcon Resources by 8.9% during the 4th quarter. CoreCommodity Management LLC now owns 125,125 shares of the energy company’s stock worth $947,000 after purchasing an additional 10,268 shares in the last quarter. Teachers Advisors LLC increased its position in Halcon Resources by 4.6% during the 4th quarter. Teachers Advisors LLC now owns 237,341 shares of the energy company’s stock worth $1,797,000 after purchasing an additional 10,367 shares in the last quarter. Finally, Columbia Pacific Advisors LLC boosted its holdings in Halcon Resources by 9.5% in the 4th quarter. Columbia Pacific Advisors LLC now owns 125,396 shares of the energy company’s stock worth $949,000 after acquiring an additional 10,917 shares during the period. 98.35% of the stock is owned by institutional investors.

Halcon Resources stock opened at $4.27 on Thursday. The company has a market cap of $701.20 million, a PE ratio of -28.47 and a beta of 3.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.20 and a quick ratio of 3.20. Halcon Resources Corp has a 52 week low of $3.68 and a 52 week high of $9.07.

Halcon Resources (NYSE:HK) last posted its quarterly earnings results on Wednesday, May 2nd. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). The firm had revenue of $49.30 million for the quarter, compared to analyst estimates of $44.34 million. Halcon Resources had a net margin of 117.87% and a negative return on equity of 3.42%. The business’s revenue was down 63.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share.

A number of research firms have weighed in on HK. Stephens set a $10.00 price target on Halcon Resources and gave the stock a “buy” rating in a report on Tuesday, April 24th. ValuEngine upgraded Halcon Resources from a “sell” rating to a “hold” rating in a report on Monday, June 4th. Zacks Investment Research cut Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Imperial Capital restated an “outperform” rating and issued a $9.00 price target (down previously from $12.00) on shares of Halcon Resources in a report on Friday, March 2nd. Finally, TheStreet cut Halcon Resources from a “c-” rating to a “d+” rating in a report on Tuesday, March 20th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.50.

Halcon Resources Profile

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.

Want to see what other hedge funds are holding HK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halcon Resources Corp (NYSE:HK).

Institutional Ownership by Quarter for Halcon Resources (NYSE:HK)

Receive News & Ratings for Halcon Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply