Insider Selling: Donald L. Kirkendall Sells 100,000 Shares of Magnum Hunter Resources Corp Stock (MHR)
Magnum Hunter Resources Corp (NYSE:MHR) SVP Donald L. Kirkendall sold 100,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $8.34, for a total transaction of $834,000.00. Following the transaction, the senior vice president now directly owns 100,000 shares in the company, valued at approximately $834,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on MHR. Analysts at Stifel upgraded shares of Magnum Hunter Resources Corp from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $11.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Magnum Hunter Resources Corp from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $11.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Magnum Hunter Resources Corp in a research note on Wednesday, May 28th. They set an “outperform” rating and a $9.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.66.
Shares of Magnum Hunter Resources Corp (NYSE:MHR) traded down 5.54% on Tuesday, hitting $8.35. 6,128,751 shares of the company’s stock traded hands. Magnum Hunter Resources Corp has a 1-year low of $3.31 and a 1-year high of $9.27. The stock’s 50-day moving average is $7.88 and its 200-day moving average is $7.84. The company’s market cap is $1.473 billion.
Magnum Hunter Resources Corp (NYSE:MHR) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The company had revenue of $70.20 million for the quarter, compared to the consensus estimate of $96.43 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 98.2% on a year-over-year basis. Analysts expect that Magnum Hunter Resources Corp will post $-0.65 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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