MLV & Co Sees Solid All-Around Performance from Halcon Resources Corp.

In a report published Monday, MLV & Co analyst Chad Mabry reiterated a Hold rating on Halcon Resources Corp. HK. In the report, MLV & Co noted, “We are maintaining our Hold rating at this time, although we are encouraged by HK printing another solid quarter highlighted by positive operational execution. Our primary concern is the company's high leverage which could create a headwind, especially in a ‘risk off' environment. Factors that could cause us to reassess our rating include positive TMS well results and/or debt reduction.” Halcon Resources Corp. closed on Friday at $5.42.