Magnum Hunter Resources Corp. PT Raised to $9.00 at Robert W. Baird (MHR)
Stock analysts at Robert W. Baird boosted their target price on shares of Magnum Hunter Resources Corp. (NYSE:MHR) from $8.00 to $9.00 in a report issued on Wednesday, American Banking and Market News reports. Robert W. Baird’s target price would suggest a potential upside of 9.09% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Capital One Financial Corp. upgraded shares of Magnum Hunter Resources Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 18th. 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 eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $7.70.
Magnum Hunter Resources Corp. (NYSE:MHR) traded down 2.67% during mid-day trading on Wednesday, hitting $8.03. 5,097,649 shares of the company’s stock traded hands. Magnum Hunter Resources Corp. has a 52 week low of $2.37 and a 52 week high of $9.27. The stock has a 50-day moving average of $8.18 and a 200-day moving average of $6.82. The company’s market cap is $1.373 billion.
Magnum Hunter Resources Corp. (NYSE:MHR) last issued its quarterly earnings data on Monday, February 24th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.07. The company had revenue of $77.60 million for the quarter, compared to the consensus estimate of $84.72 million. On average, analysts predict that Magnum Hunter Resources Corp. will post $-0.71 earnings per share 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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