Halcon Resources Corporation (HK) Receives Average Rating of “Buy” from Analysts
Halcon Resources Corporation (NYSE:HK) has been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $9.43.
HK has been the topic of a number of analyst reports. ValuEngine lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Barclays PLC reaffirmed a “sell” rating and issued a $5.00 price target on shares of Halcon Resources Corporation in a research report on Friday, July 7th. Scotiabank set a $12.00 price target on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, May 16th. Finally, Seaport Global Securities lowered Halcon Resources Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $4.00 in a research report on Wednesday, June 21st.
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In other Halcon Resources Corporation news, Director Darryl Schall bought 10,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were acquired at an average price of $6.25 per share, with a total value of $62,500.00. Following the transaction, the director now owns 35,589 shares of the company’s stock, valued at $222,431.25. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sylvia K. Barnes bought 20,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average cost of $5.34 per share, for a total transaction of $106,800.00. Following the transaction, the director now directly owns 23,757 shares in the company, valued at approximately $126,862.38. The disclosure for this purchase can be found here. Insiders have sold a total of 2,530,972 shares of company stock worth $15,462,982 in the last three months. Corporate insiders own 53.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd purchased a new position in Halcon Resources Corporation during the 1st quarter worth approximately $558,000. Airain ltd purchased a new position in Halcon Resources Corporation during the 1st quarter worth approximately $222,000. Bank of Nova Scotia purchased a new position in Halcon Resources Corporation during the 1st quarter worth approximately $770,000. Paloma Partners Management Co grew its stake in Halcon Resources Corporation by 3,565.1% during the 1st quarter. Paloma Partners Management Co now owns 1,308,800 shares of the energy company’s stock worth $10,078,000 after buying an additional 1,273,090 shares during the last quarter. Finally, Peconic Partners LLC purchased a new position in Halcon Resources Corporation during the 1st quarter worth approximately $385,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.
Halcon Resources Corporation (HK) traded down 4.52% during trading on Tuesday, reaching $5.92. The company’s stock had a trading volume of 3,099,575 shares. The stock has a market capitalization of $888.45 million, a PE ratio of 1.39 and a beta of 3.95. Halcon Resources Corporation has a 1-year low of $3.68 and a 1-year high of $12.01. The stock has a 50 day moving average price of $6.29 and a 200 day moving average price of $6.51.
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.
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