Halcon Resources Corp Coverage Initiated at Barclays (HK)
Equities researchers at Barclays initiated coverage on shares of Halcon Resources Corp (NASDAQ:HK) in a research report issued on Monday, Analyst Ratings Network reports. The firm set an “equal weight” rating and a $4.00 price target on the stock. Barclays’ price target would indicate a potential upside of 17.65% from the company’s current price.
A number of other analysts have also recently weighed in on HK. Analysts at Morgan Stanley initiated coverage on shares of Halcon Resources Corp in a research note to investors on Thursday, December 5th. They set an “equal weight” rating on the stock. Separately, analysts at Wunderlich cut their price target on shares of Halcon Resources Corp from $10.00 to $7.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities cut their price target on shares of Halcon Resources Corp from $6.00 to $3.50 in a research note to investors on Wednesday, November 6th. They now have a “sell” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.92.
Shares of Halcon Resources Corp (NASDAQ:HK) traded up 0.89% on Monday, hitting $3.40. The stock had a trading volume of 3,881,909 shares. Halcon Resources Corp has a 52 week low of $3.16 and a 52 week high of $8.20. The stock has a 50-day moving average of $3.59 and a 200-day moving average of $4.56. The company’s market cap is $1.410 billion.
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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