Nokomis Capital L.L.C. grew its stake in Halcon Resources Co. (NYSE:HK) by 301.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,764,486 shares of the energy company’s stock after purchasing an additional 1,324,486 shares during the period. Halcon Resources makes up approximately 3.0% of Nokomis Capital L.L.C.’s holdings, making the stock its 13th largest holding. Nokomis Capital L.L.C. owned approximately 1.12% of Halcon Resources worth $13,357,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC acquired a new position in shares of Halcon Resources in the 2nd quarter valued at $741,000. Nationwide Fund Advisors bought a new position in Halcon Resources during the 2nd quarter worth about $160,000. New York State Common Retirement Fund bought a new position in Halcon Resources during the 2nd quarter worth about $184,000. Northern Trust Corp increased its holdings in Halcon Resources by 796.9% during the 2nd quarter. Northern Trust Corp now owns 621,276 shares of the energy company’s stock worth $2,821,000 after purchasing an additional 552,005 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Halcon Resources by 113.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after purchasing an additional 1,753,923 shares in the last quarter. Institutional investors own 91.44% of the company’s stock.
Shares of HK stock traded up $0.15 during trading hours on Wednesday, reaching $5.21. 240,066 shares of the company traded hands, compared to its average volume of 3,329,007. Halcon Resources Co. has a twelve month low of $3.68 and a twelve month high of $9.07. The firm has a market cap of $800.86, a P/E ratio of 1.37 and a beta of 3.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.14 and a quick ratio of 3.14.
Halcon Resources (NYSE:HK) last issued its earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.07). The firm had revenue of $25.28 million during the quarter, compared to analyst estimates of $27.11 million. Halcon Resources had a net margin of 141.73% and a negative return on equity of 2.12%. The company’s revenue for the quarter was down 80.6% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. equities research analysts anticipate that Halcon Resources Co. will post 0.11 earnings per share for the current year.
In related news, Director Darryl Schall acquired 7,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was purchased at an average cost of $5.48 per share, for a total transaction of $38,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Franklin Resources Inc sold 32,022 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $7.72, for a total transaction of $247,209.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,170,466 shares of company stock valued at $7,982,275 and have sold 5,085,383 shares valued at $41,942,812. Company insiders own 53.90% of the company’s stock.
A number of equities analysts have issued reports on HK shares. ValuEngine cut Halcon Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. 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 objective (down previously from $12.00) on shares of Halcon Resources in a report on Friday, March 2nd. TheStreet upgraded Halcon Resources from a “d+” rating to a “c-” rating in a report on Wednesday, November 22nd. Finally, Roth Capital set a $13.00 price objective on Halcon Resources and gave the company a “buy” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.29.
Halcon Resources Company 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.
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