Halcon Resources Corp Has Bullish Trade, Jonathan Barrett And Paul Segal’s Luminus Management Llc Bought Stake!

Halcón Resources Corporation (NYSE:HK) Logo

The New Jonathan Barrett And Paul Segal’s Luminus Management Llc Holding in Halcon Resources Corp

Luminus Management Llc reported SC 13D form with the SEC for Halcon Resources Corp. Access it here: 000119312519222558. As reported by Jonathan Barrett And Paul Segal’s Luminus Management Llc, the filler owns 9.9% or 16,383,937 shares of the Energy–company.

Halcon Resources Corp stake is new for [reportingPerson]. Date of activity: August5, 2019. This shows Jonathan Barrett And Paul Segal’s Luminus Management Llc’s positive view for Halcon Resources Corp. For a hedge fund managing $3.51 billion in assets and having 25+ experts this is interesting position.

The hedge fund is investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Jonathan Barrett And Paul Segal’s Luminus Management Llc’s portfolio is in the sector.

Reasons Why Jonathan Barrett And Paul Segal’s Luminus Management Llc Bought – Halcon Resources Corp Stock

Purpose of Transaction

The Reporting Persons acquired the shares of Common Stock set forth in Item 5 and hold their shares of Common Stock for investment purposes. Arepresentative of Luminus Management is a member of the Ad Hoc Noteholder Group (as defined in the Plan discussed below).

The ReportingPersons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including but not limited to the Issuer’s financial position and strategic direction, price levels of Common Stock, conditions in thesecurities markets, and general economic and industry conditions, the Reporting Persons may take actions with respect to their investment in the Issuer. These actions include changing their current investment purpose and/or, from time to time,(i)acquiring or causing affiliates to acquire additional shares of Common Stock in open market transactions, in privately negotiated transactions or through other methods; (ii)disposing or causing affiliates to dispose of some or all ofthe shares of Common Stock in open market transactions, in privately negotiated transactions or through other methods, including distributions by the Master Fund directly to its limited partners; or (iii)continuing to hold or causingaffiliates to hold the

shares of Common Stock (or any combination or derivative thereof). In addition, the Reporting Persons may engage in discussions with the Issuer’s management, members of its board ofdirectors, stockholders and other relevant parties or take other actions concerning the Issuer’s operations, capital expenditures, financings, executive compensation practices, capital structure and any matter set forth in paragraphs(a)through (j) of Item 4 of Schedule 13D.

The information set forth in Item 6 below is incorporated by reference in its entiretyinto this Item 4.

SEC Form 13D.

Jonathan Barrett And Paul Segal’s Luminus Management Llc website.

It closed at $0.1596 lastly. It is down 95.91% since August 16, 2018 and is downtrending. It has underperformed by 95.91% the S&P500.

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company has market cap of $26.21 million. The firm primarily holds interests in approximately 116,000 net acres, as well as 300 producing wells in the Bakken/Three Forks formations in North Dakota; and 20,901 net acres in the Southern Delaware Basin in Pecos and Reeves Counties, Texas, as well as has an option to acquire approximately 15,040 net acres in Ward and Winkler Counties, Texas. It currently has negative earnings. As of December 31, 2016, it had estimated proved reserves of approximately 148.6 million barrels of oil equivalent comprising 119.6 million barrels of crude oil, 15.6 million barrels of natural gas liquids, and 80.2 billion cubic feet of natural gas.

Halcón Resources Corporation (NYSE:HK) Ratings Coverage

Among 2 analysts covering Halcon Resources (NYSE:HK), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Halcon Resources has $7 highest and $2 lowest target. $4.50’s average target is 2719.55% above currents $0.1596 stock price. Halcon Resources had 2 analyst reports since February 22, 2019 according to SRatingsIntel. As per Tuesday, February 26, the company rating was downgraded by Imperial Capital. The firm earned “Hold” rating on Friday, February 22 by Johnson Rice.

More notable recent Halcón Resources Corporation (NYSE:HK) news were published by: Streetinsider.com which released: “Halcon Resources (HK) Announces Suspension of Trading and Commencement of NYSE Delisting Procedures – StreetInsider.com” on July 23, 2019, also Techcrunch.com with their article: “Alibaba reportedly mulling to raise $20B through a second listing in Hong Kong – TechCrunch” published on May 28, 2019, Finance.Yahoo.com published: “One Way to Instantly Diversify Across Hong Kong-Listed Stocks – Yahoo Finance” on July 24, 2019. More interesting news about Halcón Resources Corporation (NYSE:HK) were released by: Seekingalpha.com and their article: “Halcon Resources adds board member in deal with Fir Tree – Seeking Alpha” published on April 18, 2019 as well as Bizjournals.com‘s news article titled: “Halcón Resources names CEO to replace Floyd Wilson – Houston Business Journal” with publication date: June 10, 2019.

Halcón Resources Corporation (NYSE:HK) Ratings Chart

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