Several brokerages have updated their recommendations and price targets on shares of Halcon Resources (NYSE: HK) in the last few weeks:

  • 11/7/2018 – Halcon Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $4.25 price target on the stock. 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. “
  • 11/3/2018 – Halcon Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 11/2/2018 – Halcon Resources was given a new $6.00 price target on by analysts at Imperial Capital. They now have a “buy” rating on the stock.
  • 11/1/2018 – Halcon Resources was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/24/2018 – Halcon Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $4.25 price target on the stock. 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. “
  • 10/22/2018 – Halcon Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 10/3/2018 – Halcon Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $5.00 price target on the stock. 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. “

Shares of HK stock opened at $2.97 on Monday. Halcon Resources Corp has a 1 year low of $2.86 and a 1 year high of $9.07. The firm has a market cap of $477.19 million, a P/E ratio of -19.80 and a beta of 4.05. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.33 and a current ratio of 0.33.

Halcon Resources (NYSE:HK) last announced its quarterly earnings results on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). The business had revenue of $61.60 million during the quarter, compared to the consensus estimate of $58.33 million. Halcon Resources had a negative net margin of 101.20% and a negative return on equity of 1.05%. The company’s quarterly revenue was down 36.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. Analysts predict that Halcon Resources Corp will post -0.05 EPS for the current year.

A number of institutional investors have recently made changes to their positions in HK. Wilks Brothers LLC grew its holdings in shares of Halcon Resources by 31.4% in the 3rd quarter. Wilks Brothers LLC now owns 15,156,067 shares of the energy company’s stock worth $67,748,000 after purchasing an additional 3,625,800 shares during the last quarter. Luminus Management LLC bought a new stake in shares of Halcon Resources in the 2nd quarter worth about $10,785,000. Walthausen & Co. LLC bought a new stake in shares of Halcon Resources in the 3rd quarter worth about $9,868,000. Formula Growth Ltd. bought a new stake in shares of Halcon Resources in the 2nd quarter worth about $7,320,000. Finally, Selz Capital LLC bought a new stake in shares of Halcon Resources in the 3rd quarter worth about $6,481,000.

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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