Printer Friendly

Halcon Resources downgraded to Neutral from Buy at Roth Capital.

Roth Capital analyst John White downgraded Halcon Resources to Neutral from Buy with a $3.50 price target, saying the company has has classified the outstanding borrowings under its senior credit agreement as a current liability and further advised that its current internal projections show that it will not be in compliance with the consolidated total net debt to EBITDA ratio and the current ratio covenants in future periods. As expected, White says Halcon has engaged financial advisors to assist in evaluating strategic and financial alternatives, adding that near-term financial options for the company could include a secured second lien note.

COPYRIGHT 2019 The Fly
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Fly
Date:May 10, 2019
Words:101
Previous Article:Fed policy outlook: the tame inflation data will leave the FOMC sidelined.
Next Article:Fly Intel: Top five analyst upgrades.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters