Halcon Resources Corp Coverage Initiated by Analysts at Barclays (HK)
Equities research analysts at Barclays started coverage on shares of Halcon Resources Corp (NYSE:HK) in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm set an “equal weight” rating and a $4.00 price target on the stock. Barclays’ price target points to a potential upside of 18.69% from the company’s current price.
A number of other analysts have also recently weighed in on HK. Analysts at Morgan Stanley upgraded shares of Halcon Resources Corp from an “underweight” rating to an “equal weight” rating in a research note to investors on Thursday, December 5th. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, analysts at Tudor Pickering downgraded shares of Halcon Resources Corp from an “accumulate” rating to a “hold” rating in a research note to investors on Tuesday, December 3rd. Finally, analysts at MLV Capital initiated coverage on shares of Halcon Resources Corp in a research note to investors on Friday, November 22nd. They set a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.05.
Shares of Halcon Resources Corp (NYSE:HK) opened at 3.37 on Monday. Halcon Resources Corp has a 52-week low of $3.16 and a 52-week high of $8.20. The stock’s 50-day moving average is $3.60 and its 200-day moving average is $4.60. The company’s market cap is $1.397 billion.
Halcon Resources Corp (NYSE:HK) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.03. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $258.36 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 317.2% on a year-over-year basis. On average, analysts predict that Halcon Resources Corp will post $0.17 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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