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Seaport Global Securities downgraded Halcon Resources Corporation (NYSE:HK) to Neutral in a statement released earlier today.

Seaport Global Securities has downgraded Halcon Resources Corporation (NYSE:HK) to Neutral in a statement released on Wednesday June 21, 2017.

Just yesterday Halcon Resources Corporation (NYSE:HK) traded -2.81% lower at $4.27. HK’s 50-day average is $6.21 and its two hundred day average is $6.43. With the last stock price close down -3.23% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same time. 13,224,318 shares of HK traded hands, up from an average trading volume of 3,671,340

Recent Performance Chart

Halcon Resources Corporation (NYSE:HK)

With a total market value of $0, Halcon Resources Corporation has P/E ratio of 1.46 with a 52 week low of $3.69 and a 52 week high of $11.29 .

A total of 10 analysts have released a report on Halcon Resources Corporation. zero brokerages rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $2.36.

Brief Synopsis On Halcon Resources Corporation (NYSE:HK)

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests in approximately 116,000 net acres, as well as 300 producing wells in the Bakken/Three Forks formations in North Dakota; and 20,901 net acres in the Southern Delaware Basin in Pecos and Reeves Counties, Texas, as well as has an option to acquire approximately 15,040 net acres in Ward and Winkler Counties, Texas. As of December 31, 2016, it had estimated proved reserves of approximately 148.6 million barrels of oil equivalent comprising 119.6 million barrels of crude oil, 15.6 million barrels of natural gas liquids, and 80.2 billion cubic feet of natural gas. The company was formerly known as RAM Energy Resources, Inc. and changed its name to Halcón Resources Corporation in February 2012. Halcón Resources Corporation was founded in 1987 and is headquartered in Houston, Texas.

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