Magnum Hunter Resources Corp. Hits New 52-Week High at $8.14 (MHR)
Magnum Hunter Resources Corp. (NYSE:MHR)’s share price reached a new 52-week high on Friday, Analyst Ratings Net reports. The company traded as high as $8.14 and last traded at $7.85, with a volume of 6,598,983 shares traded. The stock had previously closed at $7.66.
A number of research firms have recently commented on MHR. Analysts at Topeka Capital Markets raised their price target on shares of Magnum Hunter Resources Corp. from $8.50 to $10.00 in a research note to investors on Tuesday, November 12th. They now have a “buy” rating on the stock. Separately, analysts at MLV Capital raised their price target on shares of Magnum Hunter Resources Corp. from $8.00 to $8.50 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Magnum Hunter Resources Corp. in a research note to investors on Wednesday, November 6th. They set an “in-line” rating and a $8.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.26.
Magnum Hunter Resources Corp. has a 52 week low of $2.37 and a 52 week high of $8.12. The stock has a 50-day moving average of $6.99 and a 200-day moving average of $5.77. The company’s market cap is $1.347 billion.
Magnum Hunter Resources Corp. (NYSE:MHR) last announced its earnings results on Friday, November 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.17). The company had revenue of $73.03 million for the quarter, compared to the consensus estimate of $89.70 million. During the same quarter last year, the company posted ($0.08) earnings per share. Magnum Hunter Resources Corp.’s revenue was up 80.0% compared to the same quarter last year. Analysts expect that Magnum Hunter Resources Corp. will post $-0.62 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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