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Magnum Hunter Resources Corp. (NYSE:MHR) was upgraded by Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, AmericanBankingNews.com reports.

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. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Magnum Hunter Resources Corp. has an average rating of “Buy” and a consensus price target of $7.62.

Shares of Magnum Hunter Resources Corp. (NYSE:MHR) opened at 8.69 on Tuesday. Magnum Hunter Resources Corp. has a one year low of $2.37 and a one year high of $8.93. The stock’s 50-day moving average is $7.89 and its 200-day moving average is $6.55. 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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