Halcon Resources Corporation (HK) Receives Price Target

Halcon Resources Corporation (HK) : 2 investment research analysts covering Halcon Resources Corporation (HK) have an average price target of $1.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $2 and the lowest target is $1 for the short term. Analysts expect the variance to be within $1.06 of the average price.

Halcon Resources Corporation (HK) has an average broker rating of 4, which is interpreted as a Sell, as rated by 4 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Halcon Resources Corporation (NYSE:HK): The stock opened at $0.33 on Thursday but the bulls could not build on the opening and the stock topped out at $0.34 for the day. The stock traded down to $0.31 during the day, due to lack of any buying support eventually closed down at $0.32 with a loss of -3.03% for the day. The stock had closed at $0.33 on the previous day. The total traded volume was 1,121,903 shares.

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 companys estimated total proved oil and natural gas reserves were approximately 189.1 million barrels of oil equivalent (MMBoe), consisting of 155.6 MMBoe of oil, 16.3 MMBbls of natural gas liquids, and 103.7 billion cubic feet (Bcf) of natural gas as of December 31, 2014. Approximately 41% of the Companys reserves were classified as proved developed, as of 2014. The Companys oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields.

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