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UPDATE: Morgan Stanley Downgrades Halcon Resources on Risky 2014 Growth Outlook

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In a report published Thursday, Morgan Stanley analyst Drew Venker downgraded Halcon Resources (NYSE: HK) from Overweight to Underweight, and lowered the price target from $14.00 to $4.00.

In the report, Morgan Stanley noted, “Halcon discounts credit for large resource potential that has significant geologic risk. The 2014 growth outlook is at risk, in our view, which makes us more cautious than the Street.”

Halcon Resources closed on Wednesday at $6.04.

Latest Ratings for HK

DateFirmActionFromTo
May 2015Roth CapitalInitiates Coverage onBuy
Apr 2015BairdDowngradesOutperformNeutral
Mar 2015GMPInitiates Coverage onHold

View More Analyst Ratings for HK
View the Latest Analyst Ratings

Posted-In: Drew Venker Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

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