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Halcon Resources Corp (NYSE:HK) was downgraded by research analysts at KLR Group from a “hold” rating to a “reduce” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Halcon Resources Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $4.30 price target on the stock. Finally, analysts at RBC Capital downgraded shares of Halcon Resources Corp from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 26th. They now have a $4.00 price target on the stock, down previously from $6.00. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Halcon Resources Corp presently has an average rating of “Hold” and a consensus target price of $5.94.

Shares of Halcon Resources Corp (NYSE:HK) opened at 5.16 on Wednesday. Halcon Resources Corp has a 1-year low of $3.16 and a 1-year high of $7.10. The stock’s 50-day moving average is $4.09 and its 200-day moving average is $4.14. The company’s market cap is $2.145 billion.

Halcon Resources Corp (NYSE:HK) last announced its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.03. The company had revenue of $289.30 million for the quarter, compared to the consensus estimate of $290.09 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 131.8% on a year-over-year basis. Analysts expect that Halcon Resources Corp will post $0.13 EPS 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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