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Halcon Resources Corp (NYSE:HK)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Wunderlich in a report issued on Tuesday. They currently have a $3.50 price objective on the stock, down from their previous price objective of $6.00. Wunderlich’s price target would suggest a potential downside of 43.73% from the stock’s previous close.

The analysts wrote, “Risk-reward is relatively balanced after recent outperformance. Halcon discounts credit for large resource potential, but has significant leverage to both exploration success (or disappointment) and commodity prices. Halcon is a leader in well completion design, which can dramatically influence capital productivity. Success with new well designs could significantly improve returns and lead to upside in the stock.”

Shares of Halcon Resources Corp (NYSE:HK) traded down 0.64% on Tuesday, hitting $6.18. The stock had a trading volume of 1,029,400 shares. Halcon Resources Corp has a one year low of $3.16 and a one year high of $6.60. The stock has a 50-day moving average of $5.73 and a 200-day moving average of $4.34. The company’s market cap is $2.599 billion.

Halcon Resources Corp (NYSE:HK) last released its earnings data on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.05 earnings per share. Halcon Resources Corp’s revenue was up 44.2% compared to the same quarter last year. Analysts expect that Halcon Resources Corp will post $0.16 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Halcon Resources Corp to a “hold” rating in a research note on Monday. 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, sixteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.25.

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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