Halcon Resources Corp & Arch Coal Stocks Enter Oversold Territory (HK, ACI)

New York, NY -- (SBWIRE) -- 03/03/2013 -- Halcon Resources Corporation (NYSE:HK) , formerly RAM Energy Resources, Inc., is an independent oil and natural gas company engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties, primarily in Texas, Louisiana and Oklahoma.

Nine research analysts have rated the stock with a buy rating, four have given an overweight rating, and three have issued a hold rating to the company. The company presently has a consensus rating of “overweight” and a consensus price target of $10.75.

Halcon Resources opened at 7.10 on Friday. Halcon Resources has a 52-week low of $5.26 and a 52-week high of $11.24. The stock’s 50-day moving average is currently $7.63. The company’s market cap is $1.535 billion.

Halcon Resources last announced its earnings results on Thursday, February 28th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $124.65 million for the quarter, compared to the consensus estimate of $115.71 million. The company’s quarterly revenue was up 387.1% on a year-over-year basis. On average, analysts predict that Halcon Resources will post $0.01 earnings per share for the current fiscal year.

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Arch Coal Inc. (NYSE:ACI) is a coal manufacturer. During the year ended Dec 31, 2011, the Company sold approximately 156.9 thousand plenty of coal, such as approximately 5.5 thousand plenty of coal it purchased from third parties, comprising approximately 14% of the United States coal supply. It offers its coal to power plants, metal generators and plants.

Arch Coal Inc (ACI) lost nearly 4% to $5.23 with 10.9 million shares changing hands. The company is one of the largest coal producers, selling its product to power plants, steel mills and industrial facilities. The company is 73% owned by institutions and has a market cap of $1.1 billion. It traded the last 52 weeks in the range $5.16-$14.00. The stock is trading below its 200-day moving average of $6.96 and is in a downtrend. Over the past one year the stock has lost 60.86% of its value. Early this month, JP Morgan downgraded the stock to neutral and Nomura Securities from $6.00 to $5.00.

Is ACI Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

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