Halcon Resources Corporation (HK) has been under a strong bear grip, hence the stock is down -10.29% 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 14.34% in the past 1 week. The stock has risen by 14.53% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.77% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 53.35% and the 50-Day Moving Average is 252.98%.The 200 Day SMA reached 659.21%
Halcon Resources Corporation (NYSE:HK): After opening at $9.25, the stock dipped to an intraday low of $9.185 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.5688 and the buying power remained strong till the end. The stock closed at $9.38 for the day, a gain of 0.21% for the day session. The total traded volume was 948,544. The stocks close on the previous trading day was $9.38.
Halcon Resources Corporation (HK) : The most positive equity analysts on Halcon Resources Corporation (HK) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $13.98 with an expected fluctuation of $2.62 from the mean.
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.