Economy

Brokers Issue New Targets On Halcon Resources Corporation (NYSE:HK)

Scotiabank reissued a "buy" rating and set a $11.00 target price on shares of Halcon Resources in a report on Monday, March 27th. Whereas 2 of them predict the stock is a hold.

Now the shares of Halcon Resources Corporation (HK) has the trading volume of 2.68 Million shares with the average trading volume of 5000 shares. 13, 2017, the shares were put up for sale at an average price of $6.6, raking in a sum of $2,805,000.

On early Tue, Sep 12th, Franklin Resources unloaded 709,998 stocks of Halcon Resources Corporation shares.

In related news, Director Darryl Schall bought 10,000 shares of Halcon Resources Corporation stock in a transaction dated Friday, August 4th. The stock has a 50 day moving average of $6.19 and a 200-day moving average of $6.38. The stock was sold at an average price of $7.84, for a total value of $923,011.04. The original version of this report can be read at https://www.truebluetribune.com/2017/09/21/halcon-resources-corporation-hk-stock-rating-lowered-by-zacks-investment-research.html. The stock was sold at an average price of $6.11, for a total transaction of $2,584,530.00. They now have a Dollars 1.5 price target on the stock.

05/08/2015 - Halcon Resources Corporation had its "hold" rating reiterated by analysts at Canaccord Genuity.

04/23/2015 - Halcon Resources Corporation was downgraded to "neutral" by analysts at Robert W. Baird. The stock was sold at an average price of $6.15, for a total transaction of $3,043,628.85.

On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. Shares were disposed in a price range of $6.10, amounting $1,737,273.90. 15, 2017. The company's shares were given away at $6.43 per share worth to an income of some $5,336,900 on account of Franklin Resources Inc. 3,276,385 shares of the company traded hands. The firm has a market capitalization of $937.34 million, a PE ratio of 1.54 and a beta of 3.95.

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Several hedge funds have recently made changes to their positions in the stock.

03/20/2015 - GMP Securities began new coverage on Halcon Resources Corporation giving the company a "hold" rating. Voya Investment Management LLC bought a new stake in shares of Halcon Resources Corporation during the second quarter worth $121,000. Renaissance Technologies LLC now owns 545,300 shares of the energy company's stock valued at $5,093,000 after buying an additional 455,700 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Halcon Resources by 576.8% in the third quarter. Capital One Financial Corp. raised Halcon Resources from an "equal weight" rating to an "overweight" rating in a report on Wednesday, January 25th.

For more information about research offerings from Zacks Investment Research, visit Receive News & Ratings for Halcon Resources Co.

The share of Halcon Resources Corporation (HK) now has a value of $6.42 while the company's 52 week low is at $3.68, the shares dropped to the 52 week low on 06/23/17.

Halcon Resources Corporation (HK) has a market capitalization of 952.52 Million which suggests the company is a huge company further suggesting that the shares of Halcon Resources Corporation (HK) are stable and safe compared to the lower market capitalization companies. Finally, Barclays PLC reissued a "sell" rating and set a $9.00 target price on shares of Halcon Resources in a report on Friday, March 3rd.

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.



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