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Equities research analysts at Canaccord Genuity raised their target price on shares of Halcon Resources Corp (NYSE:HK) from $5.50 to $6.00 in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential downside of 13.79% from the company’s current price.

Shares of Halcon Resources Corp (NYSE:HK) traded down 0.29% during mid-day trading on Tuesday, hitting $6.94. 4,620,467 shares of the company’s stock traded hands. Halcon Resources Corp has a 52-week low of $3.16 and a 52-week high of $6.97. The stock has a 50-day moving average of $5.91 and a 200-day moving average of $4.44. The company’s market cap is $2.918 billion.

Halcon Resources Corp (NYSE:HK) last announced its earnings results 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. On average, analysts predict that Halcon Resources Corp will post $0.16 earnings per share for the current fiscal year.

A number of other firms have also recently commented on HK. Analysts at Wunderlich reiterated an “equal weight” rating on shares of Halcon Resources Corp in a research note on Tuesday, June 10th. They now have a $3.50 price target on the stock, down previously from $6.00. Separately, analysts at TheStreet upgraded shares of Halcon Resources Corp to a “hold” rating in a research note on Monday, June 9th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.29.

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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