Magnum Hunter Resources Corp. Reaches New 1-Year High at $8.93 (MHR)
Magnum Hunter Resources Corp. (NYSE:MHR)’s share price reached a new 52-week high on Friday , AmericanBankingNews.com reports. The company traded as high as $8.93 and last traded at $8.65, with a volume of 7,165,514 shares. The stock had previously closed at $8.16.
Separately, analysts at Canaccord Genuity raised their price target on shares of Magnum Hunter Resources Corp. from $8.00 to $9.50 in a research note on Thursday, January 16th. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Magnum Hunter Resources Corp. has an average rating of “Buy” and an average target price of $7.62.
The stock’s 50-day moving average is $7.8 and its 200-day moving average is $6.51. The company’s market cap is $1.486 billion.
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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