Dimensional Fund Advisors LP Has $13.87 Million Position in Halcon Resources Corp (HK)

Dimensional Fund Advisors LP grew its position in Halcon Resources Corp (NYSE:HK) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,159,837 shares of the energy company’s stock after purchasing an additional 1,870,829 shares during the period. Dimensional Fund Advisors LP owned about 5.08% of Halcon Resources worth $13,872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HK. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Halcon Resources by 116.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,634 shares of the energy company’s stock valued at $38,000 after acquiring an additional 12,168 shares during the last quarter. United Services Automobile Association grew its holdings in Halcon Resources by 38.3% in the 4th quarter. United Services Automobile Association now owns 45,407 shares of the energy company’s stock valued at $77,000 after buying an additional 12,580 shares during the last quarter. Virtu Financial LLC grew its holdings in Halcon Resources by 102.4% in the 4th quarter. Virtu Financial LLC now owns 42,241 shares of the energy company’s stock valued at $72,000 after buying an additional 21,375 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in Halcon Resources by 57.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 100,658 shares of the energy company’s stock valued at $450,000 after buying an additional 36,902 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Halcon Resources by 287.0% in the 3rd quarter. Jane Street Group LLC now owns 64,151 shares of the energy company’s stock valued at $287,000 after buying an additional 47,574 shares during the last quarter.

A number of analysts have issued reports on the company. ValuEngine raised Halcon Resources from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Roth Capital lowered Halcon Resources from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Friday. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, Johnson Rice downgraded Halcon Resources from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Friday, February 22nd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $4.68.

Shares of Halcon Resources stock traded down $0.60 during midday trading on Friday, hitting $0.62. 30,989,932 shares of the company were exchanged, compared to its average volume of 1,970,283. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $200.48 million, a PE ratio of -12.46 and a beta of 3.67. Halcon Resources Corp has a 52 week low of $0.58 and a 52 week high of $5.89.

Halcon Resources (NYSE:HK) last posted its earnings results on Thursday, May 9th. The energy company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The business had revenue of $51.92 million during the quarter, compared to the consensus estimate of $59.49 million. Halcon Resources had a negative return on equity of 0.65% and a net margin of 20.28%. Equities analysts anticipate that Halcon Resources Corp will post -0.15 earnings per share for the current fiscal year.

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Halcon Resources Company Profile

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of December 31, 2018, the company held interests in 56,900 net acres in the Delaware Basin, located in Pecos, Reeves, Ward, and Winkler Counties, Texas.

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

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