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Halcon Resources Corp (NYSE:HK) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Monday. They currently have a $4.00 price target on the stock. Morgan Stanley’s price target would indicate a potential downside of 26.20% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other firms have also recently commented on HK. Analysts at Barclays reiterated an “equal weight” rating on shares of Halcon Resources Corp in a research note on Friday, June 27th. 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, June 25th. 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, June 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. Halcon Resources Corp presently has an average rating of “Hold” and an average target price of $5.87.

Shares of Halcon Resources Corp (NYSE:HK) traded up 1.11% during mid-day trading on Monday, hitting $5.48. The stock had a trading volume of 5,666,548 shares. Halcon Resources Corp has a 1-year low of $3.16 and a 1-year high of $7.50. The stock’s 50-day moving average is $6.79 and its 200-day moving average is $5.14. The company’s market cap is $2.310 billion. Halcon Resources Corp also saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 56,574,188 shares, a growth of 7.4% from the June 30th total of 52,675,007 shares. Approximately 19.7% of the company’s shares are short sold. Based on an average trading volume of 6,195,251 shares, the days-to-cover ratio is presently 9.1 days.

Halcon Resources Corp (NYSE:HK) last announced its earnings results on Wednesday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $327.10 million for the quarter, compared to the consensus estimate of $303.63 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 52.6% on a year-over-year basis. On average, analysts predict that Halcon Resources Corp will post $0.21 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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