Morgan Stanley started coverage on shares of Halcon Resources Corp (NASDAQ:HK) in a research note released on Thursday morning, Analyst Ratings Network reports. The firm issued an equal weight rating on the stock.
Morgan Stanley has also modified their ratings on a number of other stocks in the few days. The firm reiterated its overweight rating on shares of InterOil. They have a $105.00 price target on that stock. Also, Morgan Stanley downgraded shares of El Paso Pipeline Partners from an equal weight rating to an underweight rating. Their analysts now have a $37.00 price target on that stock, down previously from $40.00. Finally, Morgan Stanley upgraded shares of Smith & Nephew plc from an equal weight rating to an overweight rating.
Halcon Resources Corp (NASDAQ:HK) traded up 0.63% on Thursday, hitting $4.015. 2,853,010 shares of the company’s stock traded hands. Halcon Resources Corp has a 52-week low of $3.60 and a 52-week high of $8.28. The stock’s 50-day moving average is $4.69 and its 200-day moving average is $5.15. The company’s market cap is $1.665 billion.
A number of other firms have also recently commented on HK. Analysts at Wunderlich cut their price target on shares of Halcon Resources Corp from $10.00 to $7.00 in a research note to investors on Thursday, November 7th. They now have a buy rating on the stock. Separately, analysts at Global Hunter Securities cut their price target on shares of Halcon Resources Corp from $6.00 to $3.50 in a research note to investors on Wednesday, November 6th. They now have a sell rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Halcon Resources Corp from a buy rating to a hold rating in a research note to investors on Wednesday, November 6th. They now have a $6.00 price target on the stock, down previously from $7.00. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $6.30.
Halcon Resources Corporation (NASDAQ:HK), formerly RAM Energy Resources, Inc, is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
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