Halcon Resources Corp PT Raised to $9.00 at SunTrust (HK)
Analysts at SunTrust boosted their price objective on shares of Halcon Resources Corp (NYSE:HK) from $7.00 to $9.00 in a research report issued to clients and investors on Monday. SunTrust’s target price points to a potential upside of 28.76% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Halcon Resources Corp from $5.50 to $6.00 in a research note on Tuesday, June 17th. They now have a “hold” rating on the stock. Separately, 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. Finally, analysts at TheStreet upgraded shares of Halcon Resources Corp to a “hold” rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.60.
Shares of Halcon Resources Corp (NYSE:HK) traded up 0.36% on Monday, hitting $7.015. 2,415,296 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 $7.12. The stock has a 50-day moving average of $6.09 and a 200-day moving average of $4.5. The company’s market cap is $2.950 billion.
Halcon Resources Corp (NYSE:HK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter 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.
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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