Basic material unusual volume: Halcon Resources (NYSE:HK), Precision Drilling (NYSE:PDS), Ivanhoe Energy (NASDAQ:IVAN), Syntroleum Corp (NASDAQ:SYNM)

Posted by on Apr 17, 2014

Halcon Resources Corp (NYSE:HK)‘s stock had its “hold” rating reaffirmed by Canaccord Genuity in a research note issued on Wednesday, American Banking and Market News reports. They currently have a $4.75 price target on the stock. Halcon Resources Corp (NYSE:HK) shares after opening at $5.00 moved to $5.35 on last trade day and at the end of the day closed at $5.31. Company price to sales ratio in past twelve months was calculated as 2.21 and price to cash ratio as 788.33. Halcon Resources Corp (NYSE:HK) showed a positive weekly performance of 15.43%.

Precision Drilling Corp (NYSE:PDS) was upgraded by analysts at Morgan Stanley from an underweight rating to an overweight rating. Morgan Stanley currently has $16.00 price target on the stock, up from their previous price target of $8.40. Precision Drilling Corp (USA) (NYSE:PDS) shares advanced 5.86% in last trading session and ended the day on $12.47. PDS return on equity ratio is recorded as 8.30% and its return on assets is 4.30%. Precision Drilling Corp (USA) (NYSE:PDS) yearly performance is 70.59%.

Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) has suspended activity on its Tamarack oil sands project pending approval for its thermal oil sands application from the government of Alberta. Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) shares moved up 3.56% in last trading session and was closed at $0.556 while trading in range of $0.53 -$0.60 – Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) year to date (YTD) performance is -66.32%.

Syntroleum Corporation (NASDAQ:SYNM) a renewable and synthetic fuels technology company, today announced financial results for the twelve months ended December 31, 2013. Syntroleum Corp (NASDAQ:SYNM) weekly performance is 8.77%. On last trading day company shares ended up $3.97. Syntroleum Corp (NASDAQ:SYNM) distance from 50-day simple moving average (SMA50) is 5.57%. Analysts mean target price for the company is $1.80.

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