Share on StockTwits

Halcon Resources Corp (NYSE:HK) shares hit a new 52-week high during mid-day trading on Friday , AnalystRatings.Net reports. The company traded as high as $7.17 and last traded at $7.12, with a volume of 2,638,231 shares. The stock had previously closed at $7.04.

A number of analysts have recently weighed in on HK shares. Analysts at Barclays reiterated an “equal weight” rating on shares of Halcon Resources Corp in a research note on Friday. They now have a $8.00 price target on the stock, up previously from $5.50. Separately, analysts at Miller Tabak initiated coverage on shares of Halcon Resources Corp in a research note on Wednesday. They set a “buy” rating and a $9.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Halcon Resources Corp from $7.00 to $9.00 in a research note on Monday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.02.

The stock’s 50-day moving average is $6.25 and its 200-day moving average is $4.61. The company’s market cap is $3.002 billion. Halcon Resources Corp also saw a significant drop in short interest in the month of June. As of June 13th, there was short interest totalling 55,555,349 shares, a drop of 4.5% from the May 30th total of 58,146,670 shares. Approximately 19.4% of the shares of the company are sold short. Based on an average daily volume of 5,959,544 shares, the days-to-cover ratio is presently 9.3 days.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.