Halcon Resources provides operational update Halcon Resources provided an operational update. The recently closed acquisitions of GeoResources, Inc. and assets in East Texas were structured to bolster the Company's production profile and reserve base while providing additional growth opportunities in liquids-rich regions. Halcón continues to transition from the leasehold acquisition phase of its development into the drilling phase with 11 operated drilling rigs currently running on resource style assets. The company estimates that it will add four to six operated drilling rigs to its resource style drilling program by year end 2012. Halcón Field Services LLC, a midstream subsidiary of Halcón, continues to work on infrastructure construction and solutions in all areas of activity.
News For HK From The Last 14 Days
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On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Outperform from Market Perform at BMO Capital... Gap (GPS) upgraded to Buy from Neutral at Citigroup... PS Business Parks (PSB) upgraded to Market Perform from Underperform at BMO Capital... Redwood Trust (RWT) upgraded to Outperform from Market Perform at FBR Capital... Regal-Beloit (RBC) upgraded to Outperform from Neutral at Credit Suisse... Unilever (UN) upgraded to Buy from Reduce at Nomura... Prudential (PRU) upgraded to Buy from Hold at Argus... Inergy, L.P. (NRGY) upgraded to Overweight from Neutral at JPMorgan... Noble Energy (NBL) upgraded to Buy from Hold at Stifel... Halcon Resources (HK) upgraded to Buy from Hold at Stifel.
Halcon Resources upgraded to Buy from Hold at Stifel Stifel upgraded Halcon based on relative valuation and expectations for strong organic production growth and meaning resource test results for the remainder of 2013. Price target is $8.50.