Halcon Resources (HK +9.3%) shares recoup a chunk of yesterday's 12% plunge which may have been...

|About: Halcon Resources Corporation (HK)|By:, SA News Editor

Halcon Resources (HK +9.3%) shares recoup a chunk of yesterday's 12% plunge which may have been exacerbated by HK's thin public float and high financial leverage. HK had unveiled a new Eagle Ford shale play and said it is fully engaged in the drilling development phase with 16 rigs operating. Also, Raymond James starts coverage at Outperform.