Stock analysts at Bank of America Corporation started coverage on shares of Halcon Resources Corporation (NYSE:HK) in a research report issued on Monday. The brokerage set a “neutral” rating on the energy company’s stock.
Several other research firms have also recently weighed in on HK. Seaport Global Securities cut Halcon Resources Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $4.00 in a research note on Wednesday, June 21st. Barclays PLC reiterated a “sell” rating and set a $5.00 price objective on shares of Halcon Resources Corporation in a research report on Friday, July 7th. Imperial Capital started coverage on Halcon Resources Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price objective for the company. Roth Capital set a $9.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Halcon Resources Corporation has an average rating of “Buy” and a consensus target price of $10.00.
Shares of Halcon Resources Corporation (NYSE HK) opened at 6.39 on Monday. The company has a 50-day moving average price of $6.39 and a 200-day moving average price of $6.29. The stock has a market capitalization of $917.25 million, a price-to-earnings ratio of 1.50 and a beta of 3.99. Halcon Resources Corporation has a 52-week low of $3.68 and a 52-week high of $11.29.
COPYRIGHT VIOLATION WARNING: “Halcon Resources Corporation (HK) Coverage Initiated at Bank of America Corporation” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://sportsperspectives.com/2017/10/18/halcon-resources-corporation-hk-coverage-initiated-at-bank-of-america-corporation.html.
In related news, Director Darryl Schall purchased 10,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $6.25 per share, with a total value of $62,500.00. Following the completion of the acquisition, the director now owns 35,589 shares of the company’s stock, valued at approximately $222,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Franklin Resources Inc sold 305,201 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $6.13, for a total value of $1,870,882.13. The disclosure for this sale can be found here. Insiders have sold 7,048,219 shares of company stock valued at $44,989,549 in the last three months. 53.90% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC bought a new stake in Halcon Resources Corporation during the second quarter valued at about $121,000. Cubist Systematic Strategies LLC grew its holdings in Halcon Resources Corporation by 107.1% during the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after purchasing an additional 14,864 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Halcon Resources Corporation during the first quarter valued at about $140,000. Nationwide Fund Advisors bought a new stake in Halcon Resources Corporation during the second quarter valued at about $160,000. Finally, Tudor Investment Corp ET AL bought a new stake in Halcon Resources Corporation during the second quarter valued at about $172,000. 91.57% of the stock is owned by institutional investors and hedge funds.
Halcon Resources Corporation Company Profile
Halcon Resources Corporation 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. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.
Receive News & Ratings for Halcon Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.