Halcon Resources Corp. (NYSE:HK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Halcon Resources Corporation is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company operates in Wichita, Wilbarger and Starr Counties in Texas, Pontotoc and Seminole Counties, Oklahoma, and Louisiana. Halcon Resources Corporation, formerly known as RAM Energy Resources, Inc., is based in Louisiana, USA. “

A number of other research firms also recently commented on HK. Jefferies Group reaffirmed a “hold” rating on shares of Halcon Resources Corp. in a research note on Tuesday, August 23rd. Capital One Financial Corp. raised Halcon Resources Corp. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, September 14th. Wunderlich boosted their price target on Halcon Resources Corp. from $1.00 to $12.00 and gave the company a “hold” rating in a research note on Tuesday, September 13th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Halcon Resources Corp. in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.06.

Shares of Halcon Resources Corp. (NYSE:HK) opened at 7.78 on Monday. Halcon Resources Corp. has a 12 month low of $6.90 and a 12 month high of $177.59. The company has a 50 day moving average of $10.91 and a 200-day moving average of $21.82. The firm’s market capitalization is $28.09 million.

Several hedge funds have recently added to or reduced their stakes in HK. BlackRock Group LTD boosted its stake in Halcon Resources Corp. by 417.2% in the first quarter. BlackRock Group LTD now owns 125,209 shares of the energy company’s stock valued at $121,000 after buying an additional 101,000 shares during the period. Spark Investment Management LLC purchased a new stake in Halcon Resources Corp. during the first quarter valued at $163,000. Oxford Asset Management purchased a new stake in Halcon Resources Corp. during the second quarter valued at $193,000. Geode Capital Management LLC boosted its stake in Halcon Resources Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 523,072 shares of the energy company’s stock valued at $502,000 after buying an additional 8,137 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Halcon Resources Corp. by 93.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 236,214 shares of the energy company’s stock valued at $227,000 after buying an additional 114,322 shares during the period.

About Halcon Resources Corp.

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.

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