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

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. “

Other analysts have also recently issued research reports about the company. Johnson Rice raised Halcon Resources Corporation from an accumulate rating to a buy rating in a research report on Wednesday, October 18th. Seaport Global Securities raised Halcon Resources Corporation from a neutral rating to a buy rating and increased their target price for the company from $7.00 to $8.00 in a research report on Tuesday, October 17th. Bank of America Corporation assumed coverage on Halcon Resources Corporation in a research report on Monday, October 16th. They set a neutral rating on the stock. Roth Capital set a $9.00 target price on Halcon Resources Corporation and gave the company a buy rating in a research report on Friday, October 20th. Finally, ValuEngine cut Halcon Resources Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Halcon Resources Corporation currently has a consensus rating of Buy and an average target price of $9.88.

Halcon Resources Corporation (NYSE:HK) opened at $6.95 on Tuesday. Halcon Resources Corporation has a 52 week low of $3.68 and a 52 week high of $10.70. The stock has a market capitalization of $1,065.12, a P/E ratio of 10.79 and a beta of 4.01. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35.

Halcon Resources Corporation (NYSE:HK) last announced its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.11). Halcon Resources Corporation had a return on equity of 8.76% and a net margin of 124.30%. The firm had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. Halcon Resources Corporation’s quarterly revenue was up 319.6% compared to the same quarter last year. analysts expect that Halcon Resources Corporation will post 0.03 EPS for the current year.

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In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 425,000 shares of Halcon Resources Corporation stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $6.60, for a total transaction of $2,805,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 10,288,237 shares of company stock valued at $67,325,585 in the last quarter. Company insiders own 53.90% of the company’s stock.

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Halcon Resources Corporation by 45.6% during the 3rd quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock valued at $177,000 after acquiring an additional 8,137 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Halcon Resources Corporation by 35.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,039 shares of the energy company’s stock valued at $265,000 after acquiring an additional 10,295 shares during the period. Legal & General Group Plc grew its position in shares of Halcon Resources Corporation by 83.5% during the 3rd quarter. Legal & General Group Plc now owns 32,858 shares of the energy company’s stock valued at $223,000 after acquiring an additional 14,952 shares during the period. New York State Common Retirement Fund grew its position in shares of Halcon Resources Corporation by 37.0% during the 3rd quarter. New York State Common Retirement Fund now owns 55,500 shares of the energy company’s stock valued at $377,000 after acquiring an additional 15,000 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of Halcon Resources Corporation during the 3rd quarter valued at about $109,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

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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