Halcon Resources Corp (NYSE:HK) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $8.20.
Several research firms have weighed in on HK. Zacks Investment Research raised Halcon Resources from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, October 24th. Imperial Capital set a $6.00 target price on Halcon Resources and gave the company a “buy” rating in a research note on Friday. ValuEngine lowered Halcon Resources from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. began coverage on Halcon Resources in a research note on Wednesday, July 25th. They issued a “neutral” rating and a $6.00 target price on the stock. Finally, Bank of America cut their target price on Halcon Resources from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd.
Halcon Resources stock traded down $0.08 during mid-day trading on Friday, hitting $3.74. The stock had a trading volume of 4,906,332 shares, compared to its average volume of 5,138,193. The stock has a market cap of $600.85 million, a price-to-earnings ratio of -24.93 and a beta of 4.05. Halcon Resources has a 12 month low of $3.02 and a 12 month high of $9.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.55.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AMP Capital Investors Ltd acquired a new stake in shares of Halcon Resources during the second quarter worth about $101,000. Laurion Capital Management LP acquired a new stake in shares of Halcon Resources during the second quarter worth about $107,000. California Public Employees Retirement System acquired a new stake in shares of Halcon Resources during the second quarter worth about $168,000. Guggenheim Capital LLC raised its position in shares of Halcon Resources by 111.3% during the first quarter. Guggenheim Capital LLC now owns 54,095 shares of the energy company’s stock worth $264,000 after purchasing an additional 28,497 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Halcon Resources during the second quarter worth about $274,000.
About Halcon Resources
Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.
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