Analyst Revises Halcon Resources Corporation (NYSE:HK) Stock Target


Halcon Resources Corporation (NYSE:HK) mean price target has been set at $1.7300 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.0500 in the near-term quarter and $0.4800 for the ongoing fiscal. The market cap of Halcon Resources Corporation Co was recorded at $60.53M after the stock closed at $0.4934 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Halcon Resources Corporation (NYSE:HK) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Halcon Resources Corporation (NYSE:HK) PEG ratio sits at 0.0400. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Halcon Resources Corporation Co visibly illustrates that the 50-day MA of Halcon Resources Corporation Co is $0.5686, and stock is trading -0.0752 or -13.2210% distant from $0.5686. The 200-day MA is $0.8675, and this price is $-0.3741 or -43.1251% off from current level. Halcon Resources Corporation (NYSE:HK) 52-week high is $6.5500 and the 52-week low is $0.2000. This represents that if the stock moves $-6.0566 points up on the chart to make a 52-week high. But, if it declines $+146.7000%, then the shares price can hit a new 52-week low.

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