Halcon Resources Corporation (HK) Receives Analyst Rating

Halcon Resources Corporation (HK) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Halcon Resources Corporation (HK). Zacks Investment Research suggests a Buy with a rank of 2. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Sell with a rating of 4.

Halcon Resources Corporation (HK) : The most positive equity analysts on Halcon Resources Corporation (HK) expects the shares to touch $68, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $32.25 with an expected fluctuation of $30.89 from the mean.


Halcon Resources Corporation (NYSE:HK): The stock opened in the green at $8.95 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $9.25 and a low of $8.531 for the day. The stock did not find buyers even at the lows and closed at $8.57 recording a loss of -4.67%. 474,271 shares exchanged hands during the trading day. The stock had closed at $8.99 in the previous days trading.

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.

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