Halcon Resources Corporation (NYSE:HK) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities research analysts have also recently weighed in on the company. Roth Capital set a $9.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Seaport Global Securities reissued a “buy” rating and issued a $10.00 price objective on shares of Halcon Resources Corporation in a research report on Tuesday, May 23rd. Scotiabank set a $12.00 price objective on Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, May 16th. Barclays PLC raised Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $5.00 to $8.00 in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.41.

Shares of Halcon Resources Corporation (HK) traded down 0.64% during midday trading on Friday, hitting $6.23. 1,799,349 shares of the company’s stock were exchanged. The stock has a market cap of $894.28 million, a PE ratio of 1.47 and a beta of 3.99. Halcon Resources Corporation has a 1-year low of $3.69 and a 1-year high of $12.07. The stock’s 50 day moving average is $6.30 and its 200-day moving average is $6.71.

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In related news, major shareholder Franklin Resources Inc sold 746,173 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $6.07, for a total value of $4,529,270.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sylvia K. Barnes bought 20,000 shares of Halcon Resources Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was purchased at an average cost of $5.34 per share, with a total value of $106,800.00. Following the completion of the transaction, the director now owns 23,757 shares of the company’s stock, valued at $126,862.38. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,530,972 shares of company stock valued at $15,462,982. 2.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of Halcon Resources Corporation during the first quarter valued at approximately $1,139,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Halcon Resources Corporation during the first quarter valued at approximately $140,000. Clinton Group Inc. purchased a new position in shares of Halcon Resources Corporation during the first quarter valued at approximately $119,000. SG Americas Securities LLC purchased a new position in shares of Halcon Resources Corporation during the first quarter valued at approximately $222,000. Finally, Airain ltd purchased a new position in shares of Halcon Resources Corporation during the first quarter valued at approximately $222,000. 81.45% of the stock is owned by hedge funds and other institutional investors.

Halcon Resources Corporation Company Profile

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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