The stock of HalcÃ³n Resources Corporation (NYSE:HK) hit a new 52-week low and has $1.24 target or 4.00 % below today’s $1.29 share price. The 5 months bearish chart indicates high risk for the $203.81M company. The 1-year low was reported on Mar, 15 by Barchart.com. If the $1.24 price target is reached, the company will be worth $8.15M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.
The stock decreased 0.77% or $0.01 during the last trading session, reaching $1.29. About 2.61 million shares traded. HalcÃ³n Resources Corporation (NYSE:HK) has declined 70.97% since March 15, 2018 and is downtrending. It has underperformed by 75.34% the S&P500.
HalcÃ³n Resources Corporation (NYSE:HK) Ratings Coverage
Among 4 analysts covering Halcon Resources (NYSE:HK), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Halcon Resources had 4 analyst reports since December 7, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Seaport Global given on Monday, December 10. Johnson Rice downgraded the shares of HK in report on Friday, February 22 to “Hold” rating. The company was downgraded on Tuesday, February 26 by Imperial Capital. The rating was downgraded by JP Morgan on Friday, December 7 to “Underweight”.
More recent HalcÃ³n Resources Corporation (NYSE:HK) news were published by: Globenewswire.com which released: “HalcÃ³n Resources Announces Fourth Quarter 2018 Earnings Release and Conference Call Schedule – GlobeNewswire” on March 11, 2019. Also Seekingalpha.com published the news titled: “HSBC: Weakening Asia Business And Brexit Uncertainty – HSBC Holdings plc (NYSE:HSBC) – Seeking Alpha” on March 12, 2019. Globenewswire.com‘s news article titled: “HalcÃ³n Resources Announces Leadership Changes NYSE:HK – GlobeNewswire” with publication date: February 21, 2019 was also an interesting one.
HalcÃ³n 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 has market cap of $203.81 million. The firm 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. It has a 4.45 P/E ratio. 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.