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Rating: HK

Halcon Resources (NYSE: HK) downgraded to Hold by Wunderlich

Thursday,  Jan 28, 2016  9:25 AM ET by Betsy O'Brien Harrison

Wunderlich downgraded Halcon Resources (NYSE: HK) to Hold. Previously Wunderlich
downgraded to Halcon Resources (NYSE: HK) to Buy with price target $5 on 11/12/2014, when the stock price was $2.99.

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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.

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