The stock of Halcon Resources Corporation (NYSE:HK) is a huge mover today! About 473,612 shares traded hands or 32.72% up from the average. Halcon Resources Corporation (NYSE:HK) has declined 79.35% since April 13, 2016 and is downtrending. It has underperformed by 83.27% the S&P500.
The move comes after 8 months positive chart setup for the $758.71M company. It was reported on Nov, 15 by Barchart.com. We have $13.53 PT which if reached, will make NYSE:HK worth $379.36M more.
Halcon Resources Corporation (NYSE:HK) Ratings Coverage
Out of 6 analysts covering Halcon Resources Corp (NYSE:HK), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Halcon Resources Corp has been the topic of 9 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Wunderlich downgraded the stock to “Hold” rating in Thursday, January 28 report. The stock has “Buy” rating given by TH Capital on Monday, August 31. The firm earned “Buy” rating on Tuesday, September 8 by Vetr. The firm has “Strong-Buy” rating by Vetr given on Monday, September 21. Roth Capital maintained the shares of HK in a report on Monday, August 31 with “Buy” rating. The firm has “Sell” rating given on Wednesday, March 9 by Stifel Nicolaus. The stock of Halcon Resources Corporation (NYSE:HK) earned “Strong-Buy” rating by Vetr on Friday, August 28. On Monday, April 18 the stock rating was downgraded by Johnson Rice to “Hold”. Wunderlich maintained Halcon Resources Corporation (NYSE:HK) on Tuesday, September 13 with “Hold” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 3 in 2016 Q2. Its up 3.00, from 0 in 2016Q1. The ratio is positive, as 0 funds sold all Halcon Resources Corporation shares owned while 1 reduced positions. 3 funds bought stakes while 0 increased positions. They now own 1.35 million shares or 947.18% more from 128,696 shares in 2016Q1.
The United Kingdom-based Lmr Ptnrs Llp has invested 0.01% in Halcon Resources Corporation (NYSE:HK). Thornburg Inv Inc holds 0.01% of its portfolio in Halcon Resources Corporation (NYSE:HK) for 24,540 shares. D L Carlson Grp Incorporated accumulated 10,000 shares or 0% of the stock. Mcdaniel Terry And owns 52,445 shares or 0.01% of their US portfolio. Staley Cap Advisers Inc has invested 0% of its portfolio in Halcon Resources Corporation (NYSE:HK). Columbia Pacific Advsrs Ltd reported 1.12M shares or 0.32% of all its holdings. The Texas-based Texan Cap has invested 0% in Halcon Resources Corporation (NYSE:HK).
More notable recent Halcon Resources Corporation (NYSE:HK) news were published by: Bloomberg.com which released: “Halcon Resources, U.S. Oil Explorer, Files for Bankruptcy” on July 28, 2016, also Fool.com with their article: “Halcon Resources Corp’s Day of Reckoning Might Be Closer Than You Think” published on September 22, 2015, Fool.com published: “3 Reasons Halcon Resources Corp Sank 12.9% in November” on December 08, 2015. More interesting news about Halcon Resources Corporation (NYSE:HK) were released by: Fool.com and their article: “The 3 Most Important Numbers from Halcon Resources Corp’s Earnings” published on November 10, 2015 as well as Fool.com‘s news article titled: “Why Halcon Resources Corp, California Resources Corp, and Bonanza Creek Energy …” with publication date: December 16, 2015.
HK Company Profile
Halcon Resources Corporation, incorporated on February 5, 2004, is an independent energy firm 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. The Company’s oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.
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