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Rating: HK
Buy $8

Halcon Resources (NYSE: HK) upgraded to Buy with price target $8 by MLV & Co

Monday,  Aug 18, 2014  12:00 AM ET by Kristen Bailey

MLV & Co upgraded Halcon Resources (NYSE: HK) to Buy with
price target $8. MLV & Co rated Halcon Resources (NYSE: HK) to Hold on 11/22/2013, when the price was $4.03.

Petrohawk Energy Corporation is an independent oil and natural gas company engaged in the exploration, development and production of the natural gas properties located onshore in the United States. The properties of the Company are located in Louisiana, Texas, Arkansas and Oklahoma. The Company organize its operations into two principal regions: the Mid-Continent, which includes the Louisiana and Arkansas properties; and the Western, which includes the Texas and Oklahoma properties. In August 2009, JKX Oil & Gas plc announced that it has sold its interest (34.4%) in the Phoenix Unit to Petrohawk Energy Corporation.

MLV & Co is a boutique investment bank and institutional broker-dealer focused on providing independent financial advice and unique capital markets expertise to corporate and institutional clients in capital intensive industries such as metals and mining, life sciences, energy and real estate. With a focus on raising money efficiently for clients, MLV has rapidly become a leader in the At-the-Market(ATM) transaction market.



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