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Seaport Global Securities Reaffirms Buy Rating for Halcon Resources Co. (HK)

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28 May, 2017

(NYSE:HK) from a sell rating to a hold rating in a research note issued to investors on Tuesday, May 16th. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/05/26/seaport-global-securities-reaffirms-buy-rating-for-halcon-resources-co-hk.html. The stock has an average rating of Buy and an average target price of $11.04.

A number of research analysts recently weighed in on HK shares. Now Halcon Resources Corporation's current price is $8.35 shy of the official highest sell-side analyst price target on Wall Street.

Halcon Resources Corporation (HK) reported earning per shares for the quarter ending May 03 AMC at 0.06, whereas, 7 number of analysts estimated the mean EPS at 0.05.

01/25/2017 - Halcon Resources Corporation had its " rating reiterated by analysts at Roth Capital. As for the mean price target, it implies upside of 71.65% from the $7.09 prior closing price.

U.S. based company, Halcon Resources Corporation (HK)'s latest closing price distance was -19.85% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 0.08% and 5.14% compared with the 20 Day Moving Average.

Halcon Resources (NYSE:HK) traded down 1.35% during trading on Monday, hitting $6.56. 197,494 shares of the company were exchanged. The shares are at this time trading -6.13% less than its SMA 50 and -24.66% under its SMA 200. The stock has a market cap of $591.46 million, a PE ratio of 2.78 and a beta of 3.42. Equities research analysts predict that Halcon Resources will post $0.32 earnings per share for the current fiscal year.

Now the shares of Antero Resources Corporation (AR) has a trading volume of 2.61 Million shares, with an average trading volume of 3920 shares - with shares dropping to a 52 week low of $20.17, and the company's shares hitting a 52 week high of $ 30.50. The energy company reported $0.06 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.03. Halcon Resources had a negative net margin of 538.20% and a negative return on equity of 42.63%.

This company has been competing with others in the Basic Materials space and offers its own combination of interesting factors Halcon Resources Corporation (HK) now trades with a market capitalization of $925.95 Million. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright laws. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock.

TRADEMARK VIOLATION NOTICE: "Halcon Resources Co". The shares were sold at an average price of $6.73, for a total transaction of $210,924.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. That value represents a market adjusting for revenues that have been growing by 66.69 % on a quarterly year/year basis as of the company's last quarterly report.

Institutional investors have recently bought and sold shares of the company. Kettle Hill Capital Management LLC acquired a new position in Halcon Resources during the fourth quarter valued at $6,373,000. WFG Advisors LP increased its stake in Halcon Resources by 3,894.0% in the fourth quarter. Citadel Advisors LLC now owns 2,142,313 shares of the energy company's stock worth $16,496,000 after buying an additional 2,112,385 shares in the last quarter. Paloma Partners Management Co raised its stake in Halcon Resources by 3,565.1% in the first quarter. They now have a United States dollars 1.5 price target on the stock. Nomura Asset Management Co. Dynamic Technology Lab Private Ltd bought a new position in Halcon Resources during the first quarter worth approximately $140,000. Halcon Resources Corporation has a 52-week low of 6.32 and a 52-week high of 19.10.

Antero Resources Corporation (AR) belongs to the "Basic Materials" sector with an industry focus on "Oil & Gas Drilling & Exploration", with Mr. Paul M. Rady as Co-Founder, Chairman and Chief Exec. Officer.


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