Magnum Hunter Resources Corp. PT Raised to $4.50 at UBS AG (MHR)
UBS AG raised their target price on shares of Magnum Hunter Resources Corp. (NYSE:MHR) from $4.00 to $4.50 in a research note issued on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective would suggest a potential downside of 4.66% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich cut their price target on shares of Magnum Hunter Resources Corp. from $9.00 to $8.00 in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of Magnum Hunter Resources Corp. from $6.00 to $5.00 in a research note to investors on Wednesday, July 17th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Magnum Hunter Resources Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 15th. They now have a $4.00 price target on the stock.
Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $5.25.
Magnum Hunter Resources Corp. (NYSE:MHR) traded up 7.27% on Thursday, hitting $4.72. 4,743,073 shares of the company’s stock traded hands. Magnum Hunter Resources Corp. has a 52-week low of $2.37 and a 52-week high of $5.24. The stock has a 50-day moving average of $4.00 and a 200-day moving average of $3.72. The company’s market cap is $801.2 million.
Magnum Hunter Resources Corp. (NYSE:MHR) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.08. The company had revenue of $84.04 million for the quarter, compared to the consensus estimate of $92.16 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 97.6% on a year-over-year basis. Analysts expect that Magnum Hunter Resources Corp. will post $-0.54 EPS for the current fiscal year.
Magnum Hunter Resources Corporation (NYSE:MHR) is an independent oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in the states of West Virginia, Ohio, Texas, Kentucky and North Dakota and in Saskatchewan, Canada.
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