Halcon Resources Corporation (HK) has been under a strong bear grip, hence the stock is down -4.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 15.74% in the past 1 week. The stock has risen by 15.71% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.02% in the past 4 weeks.
Halcon Resources Corporation is up 32.86% in the last 3-month period. Year-to-Date the stock performance stands at -70.48%. The stock has recorded a 20-day Moving Average of 5.68% and the 50-Day Moving Average is 9.09%.
Halcon Resources Corporation (NYSE:HK): The stock opened at $0.39 on Friday but the bulls could not build on the opening and the stock topped out at $0.40 for the day. The stock traded down to $0.37 during the day, due to lack of any buying support eventually closed down at $0.37 with a loss of -2.11% for the day. The stock had closed at $0.38 on the previous day. The total traded volume was 1,082,077 shares.
Also, Equity analysts at the Brokerage firm Johnson Rice downgrades its rating on Halcon Resources Corporation (NYSE:HK). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Accumulate by the brokerage firm. The rating by the firm was issued on April 18, 2016.
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.