Halcon Resources Corp Stock Rating Upgraded by MLV & Co (HK)
Halcon Resources Corp (NYSE:HK) was upgraded by investment analysts at MLV & Co
from a “hold” rating to a “buy” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $8.00 price objective on the stock. MLV & Co
‘s target price suggests a potential upside of 55.04% from the stock’s previous close.
Shares of Halcon Resources Corp (NYSE:HK) traded down 1.07% during mid-day trading on Monday, hitting $5.105. The stock had a trading volume of 1,874,807 shares. Halcon Resources Corp has a 52 week low of $3.16 and a 52 week high of $7.50. The stock has a 50-day moving average of $6.33 and a 200-day moving average of $5.26. The company’s market cap is $2.152 billion.
Halcon Resources Corp (NYSE:HK) last released its earnings data on Wednesday, July 30th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 52.6% on a year-over-year basis. Analysts expect that Halcon Resources Corp will post $0.21 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Halcon Resources Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $6.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Halcon Resources Corp from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 4th. They now have a $4.00 price target on the stock, down previously from $8.00. They noted that the move was a valuation call. Finally, 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. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Halcon Resources Corp currently has a consensus rating of “Hold” and an average price target of $6.14.
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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