ValuEngine has upgraded Halcon Resources HK (NYSE:HK) from Buy to Strong Buy in a report released on 5/24/2017.
Just yesterday Halcon Resources HK (NYSE:HK) traded -0.78% lower at $7.00. HK’s 50-day average is $6.42 and its two hundred day average is $6.26. With the last stock price close up 2.09% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 1,623,648 shares of HK traded hands, down from an average trading volume of 2,817,070
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Halcon Resources HK has price-earnings ratio of 1.50 with a one year low of $3.69 and a one year high of $11.29 and has a total market value of $0.
A total of 10 brokerages have issued a ratings update on the company. 0 brokers rating the stock a strong buy, zero analysts rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $2.36.
General Information About Halcon Resources HK (NYSE:HK)
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. The Company's oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields. The Company has reserves in its core resource plays of approximately 143.6 MMBoe, of which over 92% are oil and natural gas liquids, and approximately 55% are proved developed. The Company has working interests in approximately 123,000 net acres prospective in the Bakken/Three Forks formations in North Dakota.
The post ValuEngine Upgraded Halcon Resources HK (NYSE:HK) from Buy to Strong Buy in a statement released today. appeared first on Octafinance.