Halcon Resources Corp. (NYSE:HK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Halcon Resources Corporation is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company operates in Wichita, Wilbarger and Starr Counties in Texas, Pontotoc and Seminole Counties, Oklahoma, and Louisiana. Halcon Resources Corporation, formerly known as RAM Energy Resources, Inc., is based in Louisiana, USA. “

HK has been the topic of several other research reports. Wunderlich upped their price objective on Halcon Resources Corp. from $1.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, September 13th. Capital One Financial Corp. raised Halcon Resources Corp. from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, September 14th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Halcon Resources Corp. in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.21.

Analyst Recommendations for Halcon Resources Corp. (NYSE:HK)

Shares of Halcon Resources Corp. (NYSE:HK) opened at 9.49 on Wednesday. Halcon Resources Corp. has a 12-month low of $6.90 and a 12-month high of $113.79. The company’s market capitalization is $34.27 million. The company has a 50-day moving average price of $9.62 and a 200 day moving average price of $13.75.

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Halcon Resources Corp. by 0.3% in the second quarter. Royal Bank of Canada now owns 324,683 shares of the energy company’s stock worth $151,000 after buying an additional 1,043 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Halcon Resources Corp. during the third quarter worth $108,000. State of Wisconsin Investment Board bought a new stake in shares of Halcon Resources Corp. during the third quarter worth $267,000. Alleghany Corp DE bought a new stake in shares of Halcon Resources Corp. during the third quarter worth $325,000. Finally, California Public Employees Retirement System boosted its stake in shares of Halcon Resources Corp. by 8.2% in the second quarter. California Public Employees Retirement System now owns 803,460 shares of the energy company’s stock worth $373,000 after buying an additional 61,100 shares during the period.

About Halcon Resources Corp.

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 Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.

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