Halcon Resources Corp Receives New Coverage from Analysts at Robert W. Baird (HK)
Equities research analysts at Robert W. Baird began coverage on shares of Halcon Resources Corp (NYSE:HK) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Halcon Resources Corp (NYSE:HK) opened at 5.10 on Wednesday. Halcon Resources Corp has a 52 week low of $4.41 and a 52 week high of $8.28. The stock has a 50-day moving average of $4.78 and a 200-day moving average of $5.65. The company has a market cap of $1.887 billion and a price-to-earnings ratio of 106.25.
Halcon Resources Corp (NYSE:HK) last released its earnings data on Thursday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the 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 $0.21 earnings per share for the current fiscal year.
HK has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Halcon Resources Corp in a research note to investors on Wednesday, September 18th. They now have a $7.00 price target on the stock. Separately, analysts at Howard Weil reiterated a “hold” rating on shares of Halcon Resources Corp in a research note to investors on Wednesday, September 18th. They now have a $7.00 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Halcon Resources Corp 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Halcon Resources Corp currently has an average rating of “Hold” and an average target price of $7.88.
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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