UPDATE: Stifel Downgrades Halcon Resources to Hold Following Equity Offering, Reduced 2014 Outlook

In a report published Monday, Stifel analyst Amir Arif downgraded the rating on Halcon Resources Corporation (NYSE: HK ) from Buy to Hold, and removed the $8.50 price target. In the report, Stifel noted, “The equity offering added about 12% new shares with the proceeds simply used to reduce debt,