Market Overview

UPDATE: Morgan Stanley Reiterates On Halcon Resources On Balanced Risk-Reward

Related HK
Exelixis Shares Slide On Trial Results; Norwegian Cruise Line Surges
Wunderlich Securities Sees Even Better Things To Come For Halcon Resources

In a report published Tuesday, Morgan Stanley analyst Drew Venker reiterated an Equal-Weight rating on Halcon Resources (NYSE: HK), and raised the price target from $3.50 to $6.00.

In the report, Morgan Stanley noted, “Risk-reward is relatively balanced after recent outperformance. Halcon discounts credit for large resource potential, but has significant leverage to both exploration success (or disappointment) and commodity prices. Halcon is a leader in well completion design, which can dramatically influence capital productivity. Success with new well designs could significantly improve returns and lead to upside in the stock.”

Halcon Resources closed on Monday at $6.22.

Latest Ratings for HK

DateFirmActionFromTo
Sep 2014KLR GroupUpgradesReduceHold
Sep 2014MacquarieUpgradesOutperform
Aug 2014MLVUpgradesHoldBuy

View More Analyst Ratings for HK
View the Latest Analyst Ratings

Posted-In: Drew Venker Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (HK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters