Macquarie Group Ltd. bought a new position in shares of Halcon Resources Co. (NYSE:HK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,900 shares of the energy company’s stock, valued at approximately $188,000.
A number of other large investors also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in Halcon Resources by 10.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 73,700 shares of the energy company’s stock worth $558,000 after purchasing an additional 6,800 shares during the last quarter. SG Americas Securities LLC grew its position in Halcon Resources by 45.6% during the 3rd quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock worth $177,000 after purchasing an additional 8,137 shares during the last quarter. Ellington Management Group LLC boosted its holdings in shares of Halcon Resources by 36.5% in the 4th quarter. Ellington Management Group LLC now owns 33,300 shares of the energy company’s stock valued at $252,000 after acquiring an additional 8,900 shares during the last quarter. CoreCommodity Management LLC boosted its holdings in shares of Halcon Resources by 8.9% in the 4th quarter. CoreCommodity Management LLC now owns 125,125 shares of the energy company’s stock valued at $947,000 after acquiring an additional 10,268 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Halcon Resources by 35.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock valued at $265,000 after acquiring an additional 10,295 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.
In other news, Director Ares Management Llc purchased 1,113,466 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $6.90 per share, with a total value of $7,682,915.40. Following the completion of the acquisition, the director now owns 53,114 shares of the company’s stock, valued at approximately $366,486.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Floyd C. Wilson purchased 50,000 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $5.22 per share, for a total transaction of $261,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,669,486 shares of the company’s stock, valued at approximately $8,714,716.92. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,170,466 shares of company stock worth $7,982,275 and have sold 2,277,571 shares worth $19,041,034. Corporate insiders own 3.70% of the company’s stock.
Several analysts have recently commented on HK shares. Stephens reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Halcon Resources in a report on Monday, February 26th. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. TheStreet downgraded shares of Halcon Resources from a “c-” rating to a “d+” rating in a report on Tuesday, March 20th. Imperial Capital reaffirmed an “outperform” rating and issued a $9.00 price objective (down from $12.00) on shares of Halcon Resources in a report on Friday, March 2nd. Finally, ValuEngine downgraded shares of Halcon Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Halcon Resources has a consensus rating of “Hold” and an average price target of $10.29.
HK stock opened at $5.14 on Tuesday. The firm has a market capitalization of $845.27, a PE ratio of -34.27 and a beta of 3.95. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.38. Halcon Resources Co. has a 12 month low of $3.68 and a 12 month high of $9.07.
Halcon Resources (NYSE:HK) last announced its quarterly earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.07). Halcon Resources had a negative return on equity of 2.12% and a net margin of 141.73%. The firm had revenue of $25.28 million for the quarter, compared to analysts’ expectations of $27.11 million. During the same period last year, the company posted $0.66 earnings per share. The business’s quarterly revenue was down 80.6% on a year-over-year basis. research analysts expect that Halcon Resources Co. will post 0.09 EPS for the current fiscal year.
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About Halcon Resources
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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