Zacks Investment Research cut shares of Halcon Resources Corp. (NYSE:HK) from a buy rating to a hold rating in a report published on Monday.

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 brokerages have also recently issued reports on HK. Wunderlich lifted their target price on Halcon Resources Corp. from $1.00 to $12.00 and gave the stock a hold rating in a report on Tuesday, September 13th. Capital One Financial Corp. raised Halcon Resources Corp. from an underweight rating to an equal weight rating in a report on Wednesday, September 14th. Roth Capital reaffirmed a buy rating on shares of Halcon Resources Corp. in a report on Tuesday, July 12th. Finally, Jefferies Group reaffirmed a hold rating on shares of Halcon Resources Corp. in a report on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Halcon Resources Corp. has an average rating of Hold and a consensus price target of $5.06.

Halcon Resources Corp. (NYSE:HK) opened at 7.82 on Monday. The company’s market cap is $28.24 million. Halcon Resources Corp. has a 52-week low of $6.90 and a 52-week high of $177.59. The firm’s 50-day moving average price is $11.06 and its 200-day moving average price is $22.02.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position 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 valued at $151,000 after buying an additional 1,043 shares during the period. AQR Capital Management LLC acquired a new position in shares of Halcon Resources Corp. during the second quarter valued at about $177,000. Paloma Partners Management Co raised its position in shares of Halcon Resources Corp. by 1,949.7% in the second quarter. Paloma Partners Management Co now owns 257,703 shares of the energy company’s stock valued at $120,000 after buying an additional 245,130 shares during the period. Spark Investment Management LLC raised its position in shares of Halcon Resources Corp. by 337.9% in the second quarter. Spark Investment Management LLC now owns 743,200 shares of the energy company’s stock valued at $344,000 after buying an additional 573,500 shares during the period. Finally, Oxford Asset Management acquired a new position in shares of Halcon Resources Corp. during the second quarter valued at about $193,000. Institutional investors and hedge funds own 24.84% of the company’s stock.

Halcon Resources Corp. Company Profile

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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