Halcon Resources Corp (NYSE:HK) Has Been Upgraded By Analysts

855

Dallas, Texas 05/15/2014 (FINANCIALSTRENDS) –Canaccord Genuity investment analysts have increased their PT on Halcon Resources Corp (NYSE:HK) shares from $4.75 to $5.50 in the note that was issued to investors. This price objective points to the potential downside of 4.35 percent from the previous close of the stock. Other equities research-analysts have recently commented on the company stock. BMO Capital Markets analysts have upped their PT on the company’s shares from $6.00 up to $7.00 in the research note to investors.  Separately, Raymond James analysts have upped their PT on HK shares from $5.50 up to $6.00 in the research note on April 23rd.

 Analyst speak

 Finally, the analysts at the KLR Group have downgraded Halcon Resources Corp (NYSE:HK) shares to a rating of “reduce” in their research note on April 17th. One research-analyst rated the company stock with a “sell” rating, 5 have assigned a rating of “hold” and 2 have assigned a rating of “buy” to the company stock. Currently, the average rating on the company is a “hold” and the average PT is $5.86.

 What HK does

 Halcon Resources Corp (NYSE:HK) is an independent-energy company that focuses on acquisition, production and exploration as well as the  development of on-shore liquids-rich oil as well as natural-gas assets in the United States. It has oil & natural gas reserves that are situated mainly y in Texas, and North Dakota, Louisiana and Oklahoma and in Montana. On 1 August 2012, HK bought GeoResources via merger.On 6 December 2012, it completed acquiring the entities owning around 81,000 net-acres prospective for Bakken or the Three Forks formations mainly located in Williams, and Mountrail, McKenzie & the Dunn Counties, and North Dakota (Williston Basin Assets). These were acquired from Petro-Hunt, L.L.C & Pillar Energy, LLC (the Petro-Hunt parties). As of 31 December 2012, HK has working interests in almost 128,000 net-acres prospective in the Bakken / Three-Fork formations in North Dakota & in Montana.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.