Halcon Resources Corp Rating Reiterated by Canaccord Genuity (HK)
Halcon Resources Corp (NYSE:HK)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday, American Banking & Market News reports. They currently have a $7.00 target price on the stock. Canaccord Genuity’s target price 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 Howard Weil reiterated a “hold” rating on shares of Halcon Resources Corp (NYSE:HK) in a research note to investors on Wednesday. They now have a $7.00 price target on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of Halcon Resources Corp (NYSE:HK) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. They now have a $8.50 price target on the stock. Finally, analysts at Johnson Rice downgraded shares of Halcon Resources Corp (NYSE:HK) from a “focus list” rating to an “overweight” rating in a research note to investors on Friday, August 2nd.
Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.04.
Shares of Halcon Resources Corp (NYSE:HK) traded up 0.42% on Wednesday, hitting $4.77. The stock had a trading volume of 5,429,698 shares. Halcon Resources Corp has a 52-week low of $4.64 and a 52-week high of $8.28. The stock has a 50-day moving average of $5.08 and a 200-day moving average of $5.97. The company has a market cap of $1.765 billion and a P/E ratio of 98.96.
Halcon Resources Corp (NYSE:HK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.02. The company had revenue of $214.30 million for the quarter, compared to the consensus estimate of $208.55 million. The company’s revenue for the quarter was up 818.3% on a year-over-year basis. On average, analysts predict that Halcon Resources Corp will post $0.22 earnings per share for the current fiscal year.
Halcon Resources Corporation (NYSE:HK) 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.
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