Courtesy of Benzinga.
In a report published Friday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $3.00 price target on Halcon Resources Corp. (NYSE: HK).
In the report, Wunderlich Securities noted, “Halcon Resources (HK) reported a solid 4Q14 as EPS of $0.05 were nicely ahead of our -$0.05 figure and the Street’s $0.00 forecast due to a production beat and cost controls. Halcon had pre-announced much of its information already, so the CapEx plans, reserves, and its liquidity position were known, but the company was able to provide additional color around these numbers as well as commentary on its focus going forward. As expected, there was a significant focus on the financial position of Halcon as it goes through the current downturn, and we continue to believe that Halcon has the ability to see this through to the other side. As such, we reiterate our Buy rating and $3 price target as we feel the company has an asset base and management team that can survive today and excel tomorrow.”
Halcon Resources closed on Thursday at $1.97.
Latest Ratings for HK
Date | Firm | Action | From | To |
---|---|---|---|---|
Jan 2015 | SunTrust Robinson Humphrey | Downgrades | Buy | Neutral |
Jan 2015 | Barclays | Downgrades | Equal-weight | Underweight |
Jan 2015 | Raymond James | Downgrades | Outperform | Underperform |
View More Analyst Ratings for HK
View the Latest Analyst Ratings
Posted-In: Jason A. Wangler Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings