Magnum Hunter Resources Corp. Receives New Coverage from Analysts at Goldman Sachs Group Inc. (MHR)
Investment analysts at Goldman Sachs Group Inc. initiated coverage on shares of Magnum Hunter Resources Corp. (NYSE:MHR) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Magnum Hunter Resources Corp. (NYSE:MHR) from $5.50 to $6.50 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Magnum Hunter Resources Corp. (NYSE:MHR) from $5.00 to $6.00 in a research note to investors on Monday, August 26th. They now have an “outperform” rating on the stock. Finally, analysts at Topeka Capital Markets upgraded shares of Magnum Hunter Resources Corp. (NYSE:MHR) to a “top pick” rating in a research note to investors on Thursday, August 22nd.
Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $5.35.
Magnum Hunter Resources Corp. (NYSE:MHR) opened at 5.50 on Tuesday. Magnum Hunter Resources Corp. has a 1-year low of $2.37 and a 1-year high of $5.86. The stock’s 50-day moving average is $4.77 and its 200-day moving average is $3.91. The company’s market cap is $933.7 million.
Magnum Hunter Resources Corp. (NYSE:MHR) last announced its earnings results 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. On average, analysts predict that Magnum Hunter Resources Corp. will post $-0.54 earnings per share for the current fiscal year.
In other Magnum Hunter Resources Corp. news, SVP Brian Burgher sold 144,000 shares of Magnum Hunter Resources Corp. stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $5.45, for a total transaction of $784,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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