Franklin Resources Sold 484429 Company Stocks In Halcon Resources Corporation Shares

Cornelia Mascio
Settembre 22, 2017

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 380,000 shares of Halcon Resources Corporation stock in a transaction that occurred on Monday, September 18th. Whereas 2 of them predict the stock is a hold. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Now the shares of Halcon Resources Corporation (HK) has the trading volume of 2.68 Million shares with the average trading volume of 5000 shares. They now have a United States dollars 14 price target on the stock.

Halcon Resources Corporation (NYSE:HK) is now up 77.2% compared to a 12-month low of $3.69.

In related news, Director Darryl Schall bought 10,000 shares of Halcon Resources Corporation stock in a transaction dated Friday, August 4th.

On early Mon, Aug 21st, Franklin Resources unloaded 276,900 stocks of Halcon Resources Corporation shares. The stock was sold at an average price of $6.60, for a total value of $2,805,000.00. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources Co. and related companies with our FREE daily email newsletter. They now have a Dollars 2 price target on the stock. The stock was unloaded at a price range of of $6.13, amounting $1,870,882.13. They now have a Dollars 1 price target on the stock.

On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock.

The share price of the company (NYSE:HK) was down -2.96%, with a high of 6.53 during the day and the volume of Halcon Resources Corporation shares traded was 2559228. The stock's market capitalization is 894.28M, it has a 52-week low of 3.69 and a 52-week high of 11.29. The stock's 50-day moving average is $6.19 and its 200-day moving average is $6.38.

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Hedge funds have recently modified their holdings of the company. Ltd. acquired a new position in shares of Halcon Resources during the third quarter valued at approximately $8,557,000. Renaissance Technologies LLC increased its position in shares of Halcon Resources by 508.6% in the fourth quarter. Trexquant Investment LP raised its position in Halcon Resources Corporation by 33.2% in the first quarter. Finally, Nationwide Fund Advisors bought a new stake in shares of Halcon Resources Corporation during the second quarter worth $160,000.

HK has been the topic of several research analyst reports. ValuEngine cut shares of Halcon Resources Corporation from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Barclays PLC upgraded Halcon Resources Corporation from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $5.00 to $8.00 in a research note on Thursday, July 13th. Zacks Investment Research cut shares of Halcon Resources Corporation from a "hold" rating to a "sell" rating in a research report on Tuesday, September 12th.

The share of Halcon Resources Corporation (HK) now has a value of $6.42 while the company's 52 week low is at $3.68, the shares dropped to the 52 week low on 06/23/17. Franklin Resources Inc owns $207.73 million in Halcon Resources Corporation, which represents roughly 20.57% of the company's market cap and approximately 24.27% of the institutional ownership. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock.

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