Zacks Rating on Halcon Resources Corporation (HK)

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 Hold with a rank of 3. 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) stock is expected to deviate a maximum of $1.06 from the average target price of $1.25 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $2 and the most muted being $1.


Halcon Resources Corporation has lost 3.36% in the last five trading days and dropped 0.6% in the last 4 weeks. Halcon Resources Corporation is up 44.96% in the last 3-month period. Year-to-Date the stock performance stands at -72.39%. Halcon Resources Corporation (NYSE:HK): On Tuesdays trading session , Opening price of the stock was $0.325 with an intraday high of $0.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.325. However, the stock managed to close at $0.3479, a loss of 0.57% for the day. On the previous day, the stock had closed at $0.3499. The total traded volume of the day was 1,245,319 shares.

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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