What’s Happening To These Stocks? – Halcon Resources Corporation (HK), Contango Oil & Gas Company (MCF)

The opening price for Halcon Resources Corporation (NYSE:HK) was $8.01 and the volume amounted to 3.59 million shares which compares with the average volume of 2.55 million shares. The company stock experienced a 0.88% move to arrive at $8.

Halcon Resources Corporation (HK) Analyst Opinion

Halcon Resources Corporation has a consensus outperform rating from 9 Wall Street analysts, and the number of shares currently sold short amount to at least 4.92% of shares outstanding. The stock spiked 4.44% last month and is up 5.68 this year. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover HK having a buy-equivalent rating. Analysts have placed a $9.67 price target on Halcon Resources Corporation, suggesting a 20.88% gain from recent close. It’s currently trading about -22.33% below its 52-week high.

Halcon Resources Corporation Earnings Surprise

Halcon Resources Corporation (HK) failed to surprise the stock market in its last reported earnings when it earned -$0.06 a piece versus the consensus-estimated $0.05. Its revenue totaled $101.91 million down -15.17% from the previous quarter.

Halcon Resources Corporation (NYSE:HK) Intraday View

This stock (HK) is ahead of its 52-week low with 117.1%. Its last month’s stock price volatility remained 4.21% which for the week stands at 4.28%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.55% and stays 10.65% away from its 50 days moving average. Over the last five days, shares have faced -2.91% losses and now is up 22.49% since hitting its 200-day moving average of $6.54. Halcon Resources Corporation (HK) has made its way to a 12-month decline of -16.49%.

Turning to Contango Oil & Gas Company (NYSE:MCF), its shares were trading at $5.35 a gain of $0.02, on the trading floor. The stock, after opening at $5.39, touched a high of $5.63 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. Contango Oil & Gas Company has 1 buy ratings, 2 holds and 0 sells even after the stock tumbled -47.29% from its high of $10.15 to a $136 million market value through last close.

Contango Oil & Gas Company (MCF) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.25 to 2.12 during a month. Analysts set a 12-month price target of $6.21 a share. The target implies a 16.07% spike from where the shares are currently trading. Also, the current price highlights a discount of 86.92% to analysts’ high consensus price target.

Contango Oil & Gas Company (NYSE:MCF) Intraday Trading

The counter witnessed a trading volume of 0.91 million shares versus an average volume of 0.55 million shares during last trading session. Its last month’s stock price volatility remained 6.77% which for the week approaches 9.21%. The lowest price the stock reached in the last trading day was $5.24 and compares with the $2.22 52-week low. The stock recovered 140.99% since its low point and has performed 13.59% year-to-date.

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