Halcon Resources Corp Upgraded to Hold by TheStreet (HK)
Shares of Halcon Resources Corp (NYSE:HK) traded down 0.70% on Monday, hitting $6.355. 6,662,147 shares of the company’s stock traded hands. Halcon Resources Corp has a 1-year low of $3.16 and a 1-year high of $6.47. The stock has a 50-day moving average of $5.72 and a 200-day moving average of $4.33. The company’s market cap is $2.672 billion.
Halcon Resources Corp (NYSE:HK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $275.10 million for the quarter, compared to the consensus estimate of $256.14 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 44.2% on a year-over-year basis. On average, analysts predict that Halcon Resources Corp will post $0.16 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Halcon Resources Corp from $7.00 to $9.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America downgraded shares of Halcon Resources Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 27th. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Halcon Resources Corp in a research note on Friday, May 23rd. They now have a $5.50 price target on the stock, up previously from $5.00. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.68.
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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