Halcon Resources Corp Price Target Cut to $7.00 by Analysts at Howard Weil (HK)
Research analysts at Howard Weil dropped their target price on shares of Halcon Resources Corp (NASDAQ:HK) to $7.00 in a report released on Wednesday, AnalystRatings.Net reports. Howard Weil’s price target would indicate a potential upside of 46.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus downgraded shares of Halcon Resources Corp (NASDAQ:HK) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. Separately, analysts at Canaccord Genuity cut their price target on shares of Halcon Resources Corp (NASDAQ:HK) from $7.50 to $7.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Finally, analysts at Johnson Rice downgraded shares of Halcon Resources Corp (NASDAQ:HK) from a “focus list” rating to an “overweight” rating in a research note to investors on Friday, August 2nd.
Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Halcon Resources Corp presently has an average rating of “Buy” and an average target price of $7.70.
Halcon Resources Corp (NASDAQ:HK) traded up 0.42% on Wednesday, hitting $4.77. 5,429,698 shares of the company’s stock traded hands. Halcon Resources Corp has a one year low of $4.64 and a one year high of $8.28. The stock has a 50-day moving average of $5.11 and a 200-day moving average of $5.9. The company has a market cap of $1.765 billion and a price-to-earnings ratio of 98.96.
Halcon Resources Corporation (NASDAQ:HK), formerly RAM Energy Resources, Inc, is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
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