Magnum Hunter Resources Corp. PT Raised to $9.50 at Canaccord Genuity (MHR)
Canaccord Genuity hoisted their target price on shares of Magnum Hunter Resources Corp. (NYSE:MHR) from $8.00 to $9.50 in a research note issued on Thursday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 22.27% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.38.
Shares of Magnum Hunter Resources Corp. (NYSE:MHR) traded up 1.54% on Thursday, hitting $7.89. 515,881 shares of the company’s stock traded hands. Magnum Hunter Resources Corp. has a 1-year low of $2.37 and a 1-year high of $8.14. The stock’s 50-day moving average is $7.07 and its 200-day moving average is $5.91. The company’s market cap is $1.349 billion.
Magnum Hunter Resources Corp. (NYSE:MHR) last released its earnings data on Friday, November 8th. The company reported ($0.17) EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 80.0% on a year-over-year basis. Analysts expect that Magnum Hunter Resources Corp. will post $-0.61 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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