Shares of Halcon Resources Corporation (NYSE:HK) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.43.

HK has been the topic of several recent analyst reports. Roth Capital set a $9.00 target price on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. Imperial Capital initiated coverage on shares of Halcon Resources Corporation in a report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price target for the company. BidaskClub upgraded shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. ValuEngine downgraded Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th.

Halcon Resources Corporation (NYSE:HK) traded down 1.659% during trading on Friday, reaching $6.815. 1,436,053 shares of the company’s stock were exchanged. The company has a market capitalization of $978.25 million, a PE ratio of 1.603 and a beta of 3.98. Halcon Resources Corporation has a 1-year low of $3.69 and a 1-year high of $11.29. The company’s 50-day moving average is $6.32 and its 200-day moving average is $6.33.

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In related news, major shareholder Franklin Resources Inc sold 218,100 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $6.80, for a total value of $1,483,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darryl Schall bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average price of $6.25 per share, with a total value of $62,500.00. Following the completion of the purchase, the director now directly owns 35,589 shares of the company’s stock, valued at approximately $222,431.25. The disclosure for this purchase can be found here. In the last quarter, insiders sold 6,198,219 shares of company stock valued at $39,474,049. 53.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. UBS Oconnor LLC acquired a new stake in Halcon Resources Corporation during the first quarter worth $30,285,000. Boston Partners increased its holdings in Halcon Resources Corporation by 1,388.1% in the 2nd quarter. Boston Partners now owns 3,863,260 shares of the energy company’s stock valued at $17,539,000 after buying an additional 3,603,645 shares during the period. Vanguard Group Inc. increased its holdings in Halcon Resources Corporation by 113.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after buying an additional 1,753,923 shares during the period. Citadel Advisors LLC increased its holdings in Halcon Resources Corporation by 35.6% in the 2nd quarter. Citadel Advisors LLC now owns 2,905,894 shares of the energy company’s stock valued at $13,193,000 after buying an additional 763,581 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Halcon Resources Corporation in the 1st quarter valued at $17,949,000. 91.57% of the stock is owned by hedge funds and other institutional investors.

Halcon Resources Corporation 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.

Analyst Recommendations for Halcon Resources Corporation (NYSE:HK)

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