Cubist Systematic Strategies LLC Increases Stake in Halcon Resources Corporation (HK)

Cubist Systematic Strategies LLC grew its holdings in Halcon Resources Corporation (NYSE:HK) by 35.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 39,039 shares of the energy company’s stock after buying an additional 10,295 shares during the period. Cubist Systematic Strategies LLC’s holdings in Halcon Resources were worth $265,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HK. Anchor Bolt Capital LP purchased a new stake in shares of Halcon Resources in the third quarter valued at about $27,585,000. Vanguard Group Inc. raised its holdings in shares of Halcon Resources by 113.7% in the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after buying an additional 1,753,923 shares during the last quarter. Senvest Management LLC purchased a new stake in shares of Halcon Resources in the third quarter valued at about $10,098,000. Dimensional Fund Advisors LP purchased a new stake in shares of Halcon Resources in the third quarter valued at about $8,515,000. Finally, State Street Corp raised its holdings in Halcon Resources by 5,676.2% during the second quarter. State Street Corp now owns 1,226,470 shares of the energy company’s stock worth $5,567,000 after purchasing an additional 1,205,237 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 350,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $6.03, for a total value of $2,110,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 7,514,421 shares of company stock valued at $51,431,058. 53.90% of the stock is currently owned by corporate insiders.

Halcon Resources Corporation (NYSE HK) opened at $7.85 on Monday. The stock has a market cap of $1,174.33, a PE ratio of 1.96 and a beta of 4.04. Halcon Resources Corporation has a 1-year low of $3.68 and a 1-year high of $10.30. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.35.

Halcon Resources (NYSE:HK) last posted its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.11). Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The firm had revenue of $96.95 million for the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources’s quarterly revenue was up 319.6% compared to the same quarter last year. analysts predict that Halcon Resources Corporation will post -0.03 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. ValuEngine cut shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Seaport Global Securities raised shares of Halcon Resources from a “neutral” rating to a “buy” rating and increased their price target for the stock from $7.00 to $8.00 in a report on Tuesday, October 17th. Bank of America increased their price target on shares of Halcon Resources from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Roth Capital set a $9.00 price target on shares of Halcon Resources and gave the stock a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Halcon Resources has a consensus rating of “Buy” and a consensus price target of $9.57.

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

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