Halcon Resources Corp (NYSE:HK) reached a new 52-week low on Monday . The company traded as low as $2.85 and last traded at $2.97, with a volume of 156030 shares. The stock had previously closed at $2.97.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Halcon Resources from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, November 7th. Imperial Capital set a $6.00 price target on shares of Halcon Resources and gave the stock a “buy” rating in a research note on Friday, November 2nd. ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Bank of America decreased their price target on shares of Halcon Resources from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Halcon Resources in a research note on Wednesday, July 25th. They set a “neutral” rating and a $6.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Halcon Resources has a consensus rating of “Hold” and a consensus price target of $7.54.

The firm has a market cap of $477.19 million, a PE ratio of -19.70 and a beta of 4.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.33 and a quick ratio of 0.33.

Halcon Resources (NYSE:HK) last issued its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The company had revenue of $61.60 million for 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 firm’s revenue was down 36.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, equities analysts anticipate that Halcon Resources Corp will post -0.05 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Luminus Management LLC grew its position in shares of Halcon Resources by 44.4% during the 3rd quarter. Luminus Management LLC now owns 3,546,629 shares of the energy company’s stock worth $15,853,000 after buying an additional 1,089,929 shares during the period. Meghalaya Partners L.P. lifted its stake in Halcon Resources by 26.0% in the 3rd quarter. Meghalaya Partners L.P. now owns 3,151,230 shares of the energy company’s stock valued at $14,086,000 after acquiring an additional 651,230 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Halcon Resources by 57.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 100,658 shares of the energy company’s stock worth $450,000 after purchasing an additional 36,902 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Halcon Resources by 287.0% during the 3rd quarter. Jane Street Group LLC now owns 64,151 shares of the energy company’s stock worth $287,000 after purchasing an additional 47,574 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Halcon Resources by 8.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,986,822 shares of the energy company’s stock worth $17,821,000 after purchasing an additional 324,836 shares in the last quarter.

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About Halcon Resources (NYSE:HK)

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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