Halcon Resources Corp Price Target Increased to $5.50 by Analysts at Canaccord Genuity (HK)
Analysts at Canaccord Genuity upped their target price on shares of Halcon Resources Corp (NASDAQ:HK) from $4.75 to $5.50 in a research report issued to clients and investors on Friday, Stock Ratings News reports. Canaccord Genuity’s target price points to a potential downside of 3.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Halcon Resources Corp from $6.00 to $7.00 in a research note on Friday. Separately, analysts at Raymond James raised their price target on shares of Halcon Resources Corp from $5.50 to $6.00 in a research note on Wednesday, April 23rd. Finally, analysts at KLR Group downgraded shares of Halcon Resources Corp to a “reduce” rating in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Halcon Resources Corp currently has a consensus rating of “Hold” and an average price target of $5.86.
Shares of Halcon Resources Corp (NASDAQ:HK) opened at 5.69 on Friday. Halcon Resources Corp has a 52 week low of $3.16 and a 52 week high of $6.75. The stock has a 50-day moving average of $4.85 and a 200-day moving average of $4.20. The company’s market cap is $2.393 billion.
Halcon Resources Corporation (NASDAQ: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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