BidaskClub upgraded shares of Halcon Resources Corporation (NYSE:HK) from a sell rating to a hold rating in a research report sent to investors on Friday.

Other research analysts have also recently issued research reports about 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 research report on Tuesday, August 1st. Seaport Global Securities reiterated a buy rating and set a $10.00 price target on shares of Halcon Resources Corporation in a research note on Tuesday, May 23rd. Scotiabank set a $12.00 price target on shares of Halcon Resources Corporation and gave the stock a buy rating in a research note on Tuesday, May 16th. Barclays PLC upgraded shares of Halcon Resources Corporation from an underweight rating to an equal weight rating and boosted their price target for the stock from $5.00 to $8.00 in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of Halcon Resources Corporation from a sell rating to a hold rating in a research note on Tuesday, May 16th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Halcon Resources Corporation has an average rating of Buy and a consensus target price of $9.41.

Halcon Resources Corporation (HK) opened at 6.06 on Friday. Halcon Resources Corporation has a 12 month low of $3.68 and a 12 month high of $12.01. The company has a 50-day moving average of $6.30 and a 200-day moving average of $6.71. The stock has a market cap of $869.88 million, a PE ratio of 1.43 and a beta of 3.99.

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In related news, major shareholder Franklin Resources Inc sold 423,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $6.11, for a total transaction of $2,584,530.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sylvia K. Barnes bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were purchased at an average price of $5.34 per share, for a total transaction of $106,800.00. Following the completion of the purchase, the director now directly owns 23,757 shares of the company’s stock, valued at approximately $126,862.38. The disclosure for this purchase can be found here. Insiders have sold 2,530,972 shares of company stock worth $15,462,982 over the last 90 days. Insiders own 53.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. UBS Oconnor LLC purchased a new stake in Halcon Resources Corporation during the first quarter worth $30,285,000. Boston Partners raised its stake in Halcon Resources Corporation by 1,388.1% in the second quarter. Boston Partners now owns 3,863,260 shares of the energy company’s stock worth $17,539,000 after buying an additional 3,603,645 shares during the last quarter. Vanguard Group Inc. raised its stake in Halcon Resources Corporation by 113.7% in the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after buying an additional 1,753,923 shares during the last quarter. Citadel Advisors LLC raised its stake in Halcon Resources Corporation by 35.6% in the second quarter. Citadel Advisors LLC now owns 2,905,894 shares of the energy company’s stock worth $13,193,000 after buying an additional 763,581 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Halcon Resources Corporation during the first quarter worth $17,949,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

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.

Analyst Recommendations for Halcon Resources Corporation (NYSE:HK)

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