Can analysts adopt a bullish outlook for Halcón Resources Corporation (NYSE:HK)?

September 8, 2018 - By Mark Babin

Halcón Resources Corporation (NYSE:HK) Logo

Halcón Resources Corporation (NYSE:HK) Ratings Coverage

Among 3 analysts covering Halcon Resources (NYSE:HK), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Halcon Resources had 3 analyst reports since April 24, 2018 according to SRatingsIntel. Bank of America maintained Halcón Resources Corporation (NYSE:HK) on Thursday, August 2 with “Neutral” rating. Stephens maintained it with “Buy” rating and $1000 target in Tuesday, April 24 report. Below is a list of Halcón Resources Corporation (NYSE:HK) latest ratings and price target changes.

02/08/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $9 New Target: $6 Maintain
25/07/2018 Broker: JP Morgan Rating: Neutral New Target: $6 Initiates Coverage On
24/04/2018 Broker: Stephens Rating: Buy New Target: $10.0000 Maintain

The stock decreased 2.57% or $0.12 during the last trading session, reaching $4.55. About 4.46M shares traded. Halcón Resources Corporation (NYSE:HK) has declined 27.67% since September 8, 2017 and is downtrending. It has underperformed by 40.24% the S&P500.

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company has market cap of $726.51 million. The firm primarily holds interests in approximately 116,000 net acres, as well as 300 producing wells in the Bakken/Three Forks formations in North Dakota; and 20,901 net acres in the Southern Delaware Basin in Pecos and Reeves Counties, Texas, as well as has an option to acquire approximately 15,040 net acres in Ward and Winkler Counties, Texas. It has a 2.26 P/E ratio. As of December 31, 2016, it had estimated proved reserves of approximately 148.6 million barrels of oil equivalent comprising 119.6 million barrels of crude oil, 15.6 million barrels of natural gas liquids, and 80.2 billion cubic feet of natural gas.

Halcón Resources Corporation (NYSE:HK) Ratings Chart

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