Teachers Advisors LLC Boosts Stake in Halcon Resources Co. (HK)

Teachers Advisors LLC grew its position in shares of Halcon Resources Co. (NYSE:HK) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 237,341 shares of the energy company’s stock after acquiring an additional 10,367 shares during the quarter. Teachers Advisors LLC owned about 0.15% of Halcon Resources worth $1,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Halcon Resources by 10.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 73,700 shares of the energy company’s stock worth $558,000 after buying an additional 6,800 shares during the last quarter. SG Americas Securities LLC lifted its position in Halcon Resources by 45.6% in the third quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock worth $177,000 after buying an additional 8,137 shares during the last quarter. Ellington Management Group LLC lifted its position in Halcon Resources by 36.5% in the fourth quarter. Ellington Management Group LLC now owns 33,300 shares of the energy company’s stock worth $252,000 after buying an additional 8,900 shares during the last quarter. CoreCommodity Management LLC lifted its position in Halcon Resources by 8.9% in the fourth quarter. CoreCommodity Management LLC now owns 125,125 shares of the energy company’s stock worth $947,000 after buying an additional 10,268 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Halcon Resources by 35.8% in the third quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock worth $265,000 after buying an additional 10,295 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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HK stock opened at $5.15 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.14 and a current ratio of 3.14. Halcon Resources Co. has a twelve month low of $3.68 and a twelve month high of $9.07. The firm has a market capitalization of $845.27, a price-to-earnings ratio of -34.33 and a beta of 3.95.

Halcon Resources (NYSE:HK) last released its earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $25.28 million during the quarter, compared to analysts’ expectations of $27.11 million. During the same quarter in the previous year, the business earned $0.66 EPS. The business’s revenue for the quarter was down 80.6% on a year-over-year basis. sell-side analysts predict that Halcon Resources Co. will post 0.09 earnings per share for the current fiscal year.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 550,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $8.17, for a total value of $4,493,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Floyd C. Wilson bought 50,000 shares of Halcon Resources stock in a transaction on Friday, March 9th. The stock was acquired at an average price of $5.22 per share, for a total transaction of $261,000.00. Following the purchase, the chief executive officer now owns 1,669,486 shares of the company’s stock, valued at $8,714,716.92. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,170,466 shares of company stock worth $7,982,275 and sold 2,277,571 shares worth $19,041,034. Company insiders own 3.70% of the company’s stock.

A number of brokerages recently issued reports on HK. Zacks Investment Research downgraded Halcon Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 11th. TheStreet downgraded Halcon Resources from a “c-” rating to a “d+” rating in a research report on Tuesday, March 20th. Imperial Capital restated an “outperform” rating and issued a $9.00 price target (down from $12.00) on shares of Halcon Resources in a research report on Friday, March 2nd. ValuEngine downgraded Halcon Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, Stephens restated a “buy” rating and issued a $13.00 price target on shares of Halcon Resources in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Halcon Resources presently has a consensus rating of “Hold” and a consensus price target of $10.29.

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Halcon Resources 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.

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

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