Magnum Hunter Resources Corp PT Raised to $12.00 (MHR)
Equities research analysts at Topeka Capital Markets increased their price target on shares of Magnum Hunter Resources Corp (NYSE:MHR) from $11.00 to $12.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price would indicate a potential upside of 43.37% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $8.79.
In other Magnum Hunter Resources Corp news, EVP Hershal C. Ferguson III sold 50,000 shares of Magnum Hunter Resources Corp stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $8.26, for a total transaction of $413,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Magnum Hunter Resources Corp (NYSE:MHR) traded up 1.08% on Monday, hitting $8.46. The stock had a trading volume of 1,535,851 shares. Magnum Hunter Resources Corp has a 52 week low of $3.31 and a 52 week high of $9.27. The stock’s 50-day moving average is $7.8 and its 200-day moving average is $7.9. The company’s market cap is $1.492 billion.
Magnum Hunter Resources Corp (NYSE:MHR) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 98.2% on a year-over-year basis. Analysts expect that Magnum Hunter Resources Corp will post $-0.66 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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