Halcon Resources Corporation (HK) : The consensus on Halcon Resources Corporation (HK) based on 6 analyst recommendation on the company stock is 3.67, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Halcon Resources Corporation (NYSE:HK): The stock opened at $0.44 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.46 for the day. The stock traded down to $0.43 during the day, due to lack of any buying support eventually closed down at $0.44 with a loss of -0.68% for the day. The stock had closed at $0.44 on the previous day. The total traded volume was 3,096,095 shares.
Also, Major Brokerage house, Johnson Rice downgrades its ratings on Halcon Resources Corporation (NYSE:HK). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Accumulate rating on the shares. The rating by the firm was issued on April 18, 2016. The company shares have dropped -91.85% from its 1 Year high price. On Aug 28, 2015, the shares registered one year high at $6.30 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $0.42 and the 200 Day Moving Average price is recorded at $0.77.
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 companys estimated total proved oil and natural gas reserves were approximately 189.1 million barrels of oil equivalent (MMBoe), consisting of 155.6 MMBoe of oil, 16.3 MMBbls of natural gas liquids, and 103.7 billion cubic feet (Bcf) of natural gas as of December 31, 2014. Approximately 41% of the Companys reserves were classified as proved developed, as of 2014. The Companys oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.