Zacks Investment Research upgraded shares of Halcon Resources Corporation (NYSE:HK) from a sell rating to a hold rating in a research note released on Tuesday morning.

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. “

Several other equities analysts have also issued reports on the stock. Roth Capital set a $9.00 target price on shares of Halcon Resources Corporation and gave the company a buy rating in a report on Tuesday, August 1st. Imperial Capital assumed coverage on shares of Halcon Resources Corporation in a report on Tuesday, August 1st. They set an outperform rating and a $9.00 target price for the company. Barclays PLC upgraded shares of Halcon Resources Corporation from an underweight rating to an equal weight rating and lifted their target price for the company from $5.00 to $8.00 in a report on Thursday, July 13th. Seaport Global Securities lowered shares of Halcon Resources Corporation from a buy rating to a neutral rating and lowered their target price for the company from $10.00 to $4.00 in a report on Wednesday, June 21st. Finally, ValuEngine lowered shares of Halcon Resources Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Halcon Resources Corporation presently has an average rating of Buy and a consensus target price of $9.41.

Halcon Resources Corporation (HK) opened at 6.23 on Tuesday. Halcon Resources Corporation has a 1-year low of $3.68 and a 1-year high of $12.07. The company has a market capitalization of $894.28 million, a P/E ratio of 1.47 and a beta of 3.99. The firm has a 50-day moving average price of $6.30 and a 200-day moving average price of $6.71.

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In related news, Director Sylvia K. Barnes bought 20,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average price of $5.34 per share, with a total value of $106,800.00. Following the transaction, the director now owns 23,757 shares in the company, valued at approximately $126,862.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Franklin Resources Inc sold 746,173 shares of Halcon Resources Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $6.07, for a total transaction of $4,529,270.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,530,972 shares of company stock valued at $15,462,982. 2.80% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd bought a new stake in Halcon Resources Corporation during the first quarter worth approximately $558,000. Airain ltd bought a new stake in Halcon Resources Corporation during the first quarter worth approximately $222,000. Bank of Nova Scotia bought a new stake in Halcon Resources Corporation during the first quarter worth approximately $770,000. Paloma Partners Management Co increased its stake in Halcon Resources Corporation by 3,565.1% in the first quarter. Paloma Partners Management Co now owns 1,308,800 shares of the energy company’s stock worth $10,078,000 after buying an additional 1,273,090 shares during the period. Finally, Peconic Partners LLC bought a new stake in Halcon Resources Corporation during the first quarter worth approximately $385,000. 81.45% of the stock is owned by institutional investors and hedge funds.

About Halcon Resources Corporation

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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